Loop Capital Reaffirms “Hold” Rating for Domino’s Pizza (NYSE:DPZ)

Loop Capital reiterated their hold rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note published on Friday, Benzinga reports. Loop Capital currently has a $419.00 price target on the restaurant operator’s stock.

DPZ has been the topic of several other research reports. Oppenheimer reduced their price target on Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a report on Friday, September 6th. Stephens reduced their price target on Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Domino’s Pizza from $450.00 to $470.00 and gave the stock a neutral rating in a report on Monday, September 16th. BMO Capital Markets reduced their price target on Domino’s Pizza from $525.00 to $510.00 and set an outperform rating on the stock in a report on Wednesday, September 11th. Finally, Royal Bank of Canada cut their price objective on Domino’s Pizza from $575.00 to $500.00 and set an outperform rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $507.93.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $414.42 on Friday. The stock’s fifty day moving average is $425.01 and its two-hundred day moving average is $472.71. The firm has a market capitalization of $14.45 billion, a P/E ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $3.08 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza will post 16.24 earnings per share 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. Stockholders of record on Friday, September 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is presently 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $6,454,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Domino’s Pizza during the second quarter worth approximately $268,000. Sanctuary Advisors LLC purchased a new stake in Domino’s Pizza during the second quarter worth approximately $1,556,000. Cetera Investment Advisers lifted its stake in Domino’s Pizza by 29.7% during the second quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock worth $5,171,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new stake in Domino’s Pizza during the second quarter worth approximately $6,423,000. Hedge funds and other institutional investors 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.