Domino’s Pizza (NYSE:DPZ) Price Target Increased to $530.00 by Analysts at Citigroup

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by Citigroup from $505.00 to $530.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other brokerages have also weighed in on DPZ. Evercore ISI raised their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the company an outperform rating in a research note on Monday, April 8th. Oppenheimer lifted their price target on shares of Domino’s Pizza from $530.00 to $580.00 and gave the stock an outperform rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a hold rating in a research note on Tuesday, April 16th. Argus upgraded Domino’s Pizza from a hold rating to a buy rating and set a $530.00 target price for the company in a research report on Tuesday, February 27th. Finally, Wedbush reaffirmed an outperform rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Domino’s Pizza presently has an average rating of Moderate Buy and a consensus price target of $516.19.

Domino’s Pizza Trading Up 0.3 %

NYSE DPZ opened at $514.33 on Tuesday. The stock has a market cap of $17.94 billion, a P/E ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83. The company’s fifty day simple moving average is $475.07 and its 200-day simple moving average is $423.29. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 EPS. On average, research analysts expect that Domino’s Pizza will post 16 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino’s Pizza’s dividend payout ratio is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,401 shares of company stock worth $6,995,948. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DPZ. Larson Financial Group LLC grew its position in Domino’s Pizza by 124.0% in the 1st quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 351 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Domino’s Pizza by 83.3% in the first quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock valued at $836,000 after buying an additional 765 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Domino’s Pizza by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,404 shares of the restaurant operator’s stock worth $3,679,000 after buying an additional 373 shares in the last quarter. Whittier Trust Co. increased its stake in Domino’s Pizza by 3.6% during the first quarter. Whittier Trust Co. now owns 16,400 shares of the restaurant operator’s stock valued at $8,149,000 after acquiring an additional 566 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Domino’s Pizza by 12.6% in the 1st quarter. Jennison Associates LLC now owns 113,423 shares of the restaurant operator’s stock worth $56,358,000 after acquiring an additional 12,685 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.