Citigroup Increases Domino’s Pizza (NYSE:DPZ) Price Target to $298.00

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by Citigroup from $282.00 to $298.00 in a report published on Thursday, June 6th, BenzingaRatingsTable reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on DPZ. Zacks Investment Research cut Domino’s Pizza from a hold rating to a sell rating in a report on Thursday, April 18th. ValuEngine raised Domino’s Pizza from a hold rating to a buy rating in a research report on Wednesday, May 8th. TheStreet raised Domino’s Pizza from a c+ rating to a b- rating in a research report on Tuesday, June 4th. Maxim Group reissued a buy rating and issued a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised their price objective on Domino’s Pizza from $283.00 to $305.00 and gave the company an overweight rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $297.56.

Shares of DPZ traded down $7.18 on Thursday, reaching $271.10. The stock had a trading volume of 631,111 shares, compared to its average volume of 783,932. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.03 and a beta of 0.48. The company’s 50-day moving average is $280.70. Domino’s Pizza has a twelve month low of $231.28 and a twelve month high of $305.34.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.13. The business had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 EPS. As a group, equities research analysts anticipate that Domino’s Pizza will post 9.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.65 dividend. The ex-dividend date was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a yield of 0.96%. Domino’s Pizza’s dividend payout ratio (DPR) is 30.88%.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of DPZ. FMR LLC raised its holdings in shares of Domino’s Pizza by 51.2% during the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock valued at $512,206,000 after buying an additional 699,502 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 375.3% in the first quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock valued at $225,544,000 after buying an additional 690,006 shares in the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $116,931,000. Wells Fargo & Company MN increased its holdings in shares of Domino’s Pizza by 264.0% in the first quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock valued at $124,415,000 after buying an additional 349,600 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Domino’s Pizza by 5.6% in the fourth quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock valued at $1,334,427,000 after buying an additional 284,078 shares in the last quarter. Institutional investors and hedge funds own 97.03% 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.

Further Reading: Outstanding Shares

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.