MKM Partners Raises Domino’s Pizza (NYSE:DPZ) Price Target to $375.00

Domino’s Pizza (NYSE:DPZ) had its target price lifted by MKM Partners from $350.00 to $375.00 in a report issued on Friday morning, The Fly reports. The firm currently has a neutral rating on the restaurant operator’s stock.

DPZ has been the subject of several other reports. Wedbush increased their price objective on shares of Domino’s Pizza from $425.00 to $445.00 and gave the stock an outperform rating in a research report on Tuesday, June 9th. Longbow Research increased their price objective on shares of Domino’s Pizza from $430.00 to $441.00 and gave the stock a buy rating in a research report on Thursday, May 28th. Deutsche Bank increased their target price on shares of Domino’s Pizza from $287.00 to $333.00 and gave the stock a hold rating in a research note on Friday, April 24th. Canaccord Genuity raised shares of Domino’s Pizza from a hold rating to a buy rating in a research note on Wednesday, April 1st. Finally, Wells Fargo & Co increased their target price on shares of Domino’s Pizza from $316.00 to $334.00 and gave the stock an equal weight rating in a research note on Friday, April 24th. Eleven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Domino’s Pizza currently has a consensus rating of Buy and an average price target of $387.93.

DPZ opened at $398.31 on Friday. Domino’s Pizza has a twelve month low of $220.90 and a twelve month high of $398.91. The company has a fifty day moving average of $377.32 and a 200-day moving average of $336.89. The stock has a market cap of $15.58 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.76 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, April 23rd. The restaurant operator reported $3.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.75. Domino’s Pizza had a net margin of 11.75% and a negative return on equity of 13.60%. The company had revenue of $873.10 million during the quarter, compared to analysts’ expectations of $869.66 million. During the same period in the prior year, the company posted $2.20 earnings per share. Domino’s Pizza’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post 11.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, June 12th. Domino’s Pizza’s payout ratio is currently 32.60%.

In related news, COO Russell J. Weiner sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $385.00, for a total transaction of $1,925,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Kevin Vasconi sold 4,675 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $370.60, for a total transaction of $1,732,555.00. Following the transaction, the executive vice president now directly owns 8,489 shares in the company, valued at $3,146,023.40. The disclosure for this sale can be found here. Insiders have sold 9,732 shares of company stock worth $3,680,070 over the last three months. 1.74% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Envestnet Asset Management Inc. increased its holdings in Domino’s Pizza by 25.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,238 shares of the restaurant operator’s stock worth $2,714,000 after buying an additional 1,889 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Domino’s Pizza by 14.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,858 shares of the restaurant operator’s stock worth $840,000 after buying an additional 353 shares during the last quarter. ProShare Advisors LLC increased its holdings in Domino’s Pizza by 11.4% during the fourth quarter. ProShare Advisors LLC now owns 3,654 shares of the restaurant operator’s stock worth $1,073,000 after buying an additional 373 shares during the last quarter. Raymond James & Associates increased its holdings in Domino’s Pizza by 4.2% during the fourth quarter. Raymond James & Associates now owns 21,804 shares of the restaurant operator’s stock worth $6,406,000 after buying an additional 879 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in Domino’s Pizza during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 91.36% of the company’s stock.

About Domino’s Pizza

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

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The Fly

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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