Domino’s Pizza (NYSE:DPZ) PT Lowered to $430.00

Domino’s Pizza (NYSE:DPZ) had its price target cut by Stephens from $493.00 to $430.00 in a research report report published on Friday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. Citigroup boosted their price objective on Domino’s Pizza from $505.00 to $530.00 and gave the company a neutral rating in a research report on Tuesday, April 30th. Robert W. Baird upgraded Domino’s Pizza from a neutral rating to an outperform rating and upped their target price for the company from $530.00 to $580.00 in a report on Monday, July 8th. Argus upped their target price on Domino’s Pizza from $580.00 to $600.00 and gave the company a buy rating in a report on Tuesday, April 30th. HSBC upped their target price on Domino’s Pizza from $507.00 to $583.00 and gave the company a buy rating in a report on Tuesday, April 30th. Finally, UBS Group upped their target price on Domino’s Pizza from $526.00 to $570.00 and gave the company a buy rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of Moderate Buy and an average target price of $524.89.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $404.17 on Friday. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The stock has a 50 day moving average price of $506.02 and a two-hundred day moving average price of $474.00. The company has a market capitalization of $14.10 billion, a P/E ratio of 26.38, a PEG ratio of 1.99 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Domino’s Pizza will post 16.18 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.49%. Domino’s Pizza’s payout ratio is presently 39.43%.

Insider Activity

In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza in the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position 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 worth $34,000 after purchasing an additional 46 shares during the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza in the first quarter worth about $36,000. Finally, Versant Capital Management Inc boosted its position in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. 94.63% of the stock is currently owned by 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.