Benchmark Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $520.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by Benchmark from $575.00 to $520.00 in a research report released on Monday, Benzinga reports. Benchmark currently has a buy rating on the restaurant operator’s stock.

Several other brokerages also recently commented on DPZ. Citigroup boosted their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a neutral rating in a research note on Tuesday, April 30th. Oppenheimer reaffirmed an outperform rating and set a $580.00 price objective on shares of Domino’s Pizza in a report on Friday, July 12th. TD Cowen reissued a buy rating and issued a $610.00 target price on shares of Domino’s Pizza in a report on Thursday, July 18th. BMO Capital Markets dropped their price target on Domino’s Pizza from $575.00 to $525.00 and set an outperform rating for the company in a report on Friday, July 19th. Finally, UBS Group lifted their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the company a buy rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $517.39.

Domino’s Pizza Stock Up 0.4 %

NYSE:DPZ opened at $424.78 on Monday. The firm has a market capitalization of $14.85 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The firm has a 50-day moving average price of $500.51 and a 200 day moving average price of $473.91.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.08 EPS. On average, research analysts expect that Domino’s Pizza will post 16.16 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.42%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Insider Buying and Selling at Domino’s Pizza

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

Institutional Trading of Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. Blue Trust Inc. grew its position in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc increased its stake in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.