Oppenheimer Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $425.00

Domino’s Pizza (NYSE:DPZ) had its price objective upped by Oppenheimer from $405.00 to $425.00 in a research report sent to investors on Friday morning, The Fly reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other brokerages have also recently weighed in on DPZ. JPMorgan Chase & Co. increased their price objective on shares of Domino’s Pizza from $380.00 to $400.00 and gave the stock an overweight rating in a research note on Wednesday, May 27th. 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 report on Friday, April 24th. Morgan Stanley increased their target price on shares of Domino’s Pizza from $381.00 to $405.00 and gave the stock an overweight rating in a report on Monday, June 1st. OTR Global raised shares of Domino’s Pizza to a positive rating in a report on Monday, July 6th. Finally, Longbow Research increased their target price on shares of Domino’s Pizza from $430.00 to $441.00 and gave the stock a buy rating in a report on Thursday, May 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Domino’s Pizza has an average rating of Buy and an average target price of $387.93.

DPZ opened at $398.31 on Friday. The stock has a market capitalization of $15.58 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.76 and a beta of 0.37. The company’s 50-day simple moving average is $377.32 and its two-hundred day simple moving average is $336.89. Domino’s Pizza has a 52-week low of $220.90 and a 52-week high of $398.91.

Domino’s Pizza (NYSE:DPZ) last issued 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 firm had revenue of $873.10 million for the quarter, compared to analysts’ expectations of $869.66 million. During the same quarter in the prior year, the business earned $2.20 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 11.32 earnings per share for the current fiscal year.

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

In other news, EVP John Kevin Vasconi sold 4,675 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $370.60, for a total transaction of $1,732,555.00. Following the completion of the transaction, the executive vice president now directly owns 8,489 shares in the company, valued at approximately $3,146,023.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Russell J. Weiner sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $385.00, for a total value of $1,925,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,732 shares of company stock valued at $3,680,070 over the last quarter. Corporate insiders own 1.74% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BEAM Asset Management LLC lifted its position in Domino’s Pizza by 3.0% in the second quarter. BEAM Asset Management LLC now owns 918 shares of the restaurant operator’s stock worth $353,000 after buying an additional 27 shares during the last quarter. Allred Capital Management LLC lifted its position in Domino’s Pizza by 26.6% in the first quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock worth $51,000 after buying an additional 33 shares during the last quarter. HMS Capital Management LLC lifted its position in Domino’s Pizza by 2.6% in the first quarter. HMS Capital Management LLC now owns 1,839 shares of the restaurant operator’s stock worth $596,000 after buying an additional 46 shares during the last quarter. Parallel Advisors LLC lifted its position in Domino’s Pizza by 49.5% in the first quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock worth $47,000 after buying an additional 49 shares during the last quarter. Finally, Eaton Vance Management lifted its position in Domino’s Pizza by 0.8% in the first quarter. Eaton Vance Management now owns 6,935 shares of the restaurant operator’s stock worth $2,247,000 after buying an additional 53 shares during the last quarter. Institutional investors own 91.36% of the company’s stock.

Domino’s Pizza Company Profile

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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