Domino's Pizza (NYSE:DPZ) Receives Outperform Rating from Royal Bank of Canada



Royal Bank of Canada Domino's Pizza (NYSE:DPZ – Free Report) Benzinga currently has a $575.00 price objective on the restaurant operator's shares in a research report released on Thursday.

Other analysts have also commented on the company recently. BTIG Research increased their price target on Domino's Pizza from $515.00 to $580.00 and gave the stock a buy recommendation rating in a research note on Tuesday, April 30th. BMO Capital Markets increased their price target on Domino's Pizza from $535.00 to $575.00 and gave the company an outperform recommendation rating in a research note on Tuesday, April 30th. The Goldman Sachs Group began researching Domino's Pizza in a research note on Thursday, June 13th. The firm set a buy recommendation rating and a $612.00 price target for the company. Morgan Stanley increased their price target on Domino's Pizza from $485.00 to $515.00 and gave the company an overweight recommendation rating in a research note on Friday, April 12th. Finally, Piper Sandler increased their price target on Domino's Pizza from $400.00 to $435.00 and gave the company a neutral rating in a research note on Tuesday, February 27. One analyst has rated the stock with a sell rating, nine have given a hold rating, and nineteen have given a buy rating. According to MarketBeat data, the company's shares currently have an average rating of a “moderate buy” with an average target price of $525.66.

Get the latest report on DPZ

Domino's Pizza stock performance

DPZ shares opened trading at $525.00 on Thursday. The stock's 50-day moving average is $510.26 and its 200-day moving average is $460.01. Domino's Pizza's one-year low is $313.87 and its one-year high is $542.75. The stock has a market cap of $18.31 billion, a P/E ratio of 34.23, a P/G ratio of 2.63 and a beta of 0.85.

Domino's Pizza (NYSE:DPZ – get free report ) announced its quarterly earnings on Monday, April 29th. The restaurant operator reported quarterly EPS of $3.58, beating analysts' consensus estimates of $3.46 by $0.12. Domino's return on equity was -13.19%, while net margin was 11.90%. The company had revenue of $1.08 billion for the quarter, compared to analysts' estimates of $1.08 billion. Year-over-year EPS was $2.93. The company's revenue was up 5.9% year-over-year. Analysts expect Domino's to post EPS of $16 for the current fiscal year.

Domino's Pizza announces dividend

The company also recently declared a quarterly dividend, which is scheduled to be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.51. This equates to an annualized dividend of $6.04 and a yield of 1.15%. The ex-dividend date for this dividend is Friday, June 14th. Domino's Pizza has a dividend payout ratio of 39.43%.

Insider Trading at Domino's Pizza

In other Domino's Pizza news, Executive Vice President, Cynthia A. Hedden sold 108 shares of the company's stock on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the Executive Vice President now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. In other news, CEO, Russell J. Weiner sold 11,780 shares of the company's stock 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 sale, the CEO now owns 32,001 shares of the company's stock, valued at $16,844,366.37. The transaction was disclosed in a Securities and Exchange Commission filing, which can be accessed through this link. Additionally, Executive Vice President, Cynthia A. Headen sold 108 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the Executive Vice President now directly owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 12,633 shares of the company's stock during the quarter, valued at $6,649,181. 0.76% of the stock is owned by company insiders.

Domino's Pizza Institutional Trading

Large investors recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Domino's Pizza worth $25,000 in the fourth quarter. Crewe Advisors LLC purchased a new stake in Domino's Pizza worth $36,000 in the first quarter. Creative Financial Designs Inc. ADV increased its holdings in Domino's Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Domino's Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 33 shares in the last quarter. Finally, Jones Financial Companies LLP acquired a new stake in Domino's Pizza during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors now own 94.63% of the company's shares.

About Domino's Pizza

(Get your free report)

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. The company serves pizza under the Domino's brand through company-operated and franchised restaurants.

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Domino's Pizza (NYSE:DPZ) Analyst Recommendations



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