Domino’s Pizza (NYSE:DPZ) Rating Reiterated by Loop Capital

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

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Domino’s Pizza from $450.00 to $470.00 and gave the stock a neutral rating in a research note on Monday, September 16th. Royal Bank of Canada cut their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an outperform rating on the stock in a report on Wednesday, July 24th. Wedbush reiterated an outperform rating and issued a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Finally, Barclays reduced their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an underweight rating for the company in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $507.93.

Domino’s Pizza Trading Up 0.7 %

Shares of NYSE:DPZ opened at $414.42 on Friday. Domino’s Pizza has a 52 week low of $330.05 and a 52 week high of $542.75. The company’s 50 day moving average is $426.56 and its two-hundred day moving average is $472.62. The company has a market cap of $14.45 billion, a PE ratio of 27.05, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for 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%. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.08 earnings per share. As a group, equities research analysts expect that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm 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 dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently bought and sold shares of DPZ. Vanguard Group Inc. boosted its stake in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth about $322,859,000. Marshfield Associates grew its holdings in shares of Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after buying an additional 2,271 shares in the last quarter. TD Asset Management Inc raised its position in shares of Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after buying an additional 138,224 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares during the period. Hedge funds and other institutional investors 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.