Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $515.00

Domino’s Pizza (NASDAQ:DPZ) had its price target lifted by BMO Capital Markets from $500.00 to $515.00 in a report published on Tuesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

DPZ has been the subject of a number of other research reports. Morgan Stanley reduced their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Securities reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $482.28 on Tuesday. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.47 and a beta of 0.90. The firm’s 50 day simple moving average is $443.65 and its 200-day simple moving average is $435.98. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 EPS. Analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza in the third quarter valued at approximately $549,399,000. Norges Bank acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at $250,571,000. FMR LLC raised its holdings in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the period. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza during the 3rd quarter worth about $99,352,000. Finally, Invesco Ltd. boosted its holdings in Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after acquiring an additional 191,752 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.