Domino’s Pizza (NYSE:DPZ) Price Target Cut to $500.00

Domino’s Pizza (NYSE:DPZ) had its price objective trimmed by BMO Capital Markets from $510.00 to $500.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Other research analysts also recently issued reports about the company. Oppenheimer reissued an outperform rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Friday. Bank of America boosted their target price on shares of Domino’s Pizza from $577.00 to $582.00 and gave the company a buy rating in a research note on Friday, October 4th. TD Cowen dropped their price target on shares of Domino’s Pizza from $520.00 to $475.00 and set a buy rating on the stock in a research report on Monday, September 16th. Guggenheim decreased their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a neutral rating for the company in a research report on Thursday, September 26th. Finally, Evercore ISI reduced their price target on Domino’s Pizza from $500.00 to $480.00 and set an outperform rating for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $489.55.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $429.67 on Friday. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock’s fifty day moving average price is $421.63 and its 200 day moving average price is $469.57. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $4.18 EPS. As a group, equities research analysts anticipate that Domino’s Pizza will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.12%.

Institutional Trading of Domino’s Pizza

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its position in Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the period. Czech National Bank increased its position in Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after buying an additional 27 shares in the last quarter. Insight Folios Inc lifted its holdings in shares of Domino’s Pizza by 3.4% in the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after buying an additional 28 shares during the period. Finally, Portside Wealth Group LLC boosted its stake in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.