Domino’s Pizza (NYSE:DPZ) PT Lowered to $420.00

Domino’s Pizza (NYSE:DPZ) had its price target lowered by Stephens from $430.00 to $420.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a neutral rating on the stock in a research note on Thursday, September 26th. Loop Capital restated a hold rating and set a $419.00 price objective on shares of Domino’s Pizza in a report on Friday, September 20th. The Goldman Sachs Group began coverage on Domino’s Pizza in a research report on Thursday, June 13th. They set a buy rating and a $612.00 price target on the stock. Piper Sandler reduced their price objective on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating for the company in a research report on Monday, October 7th. Finally, Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, nine have given 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.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Price Performance

DPZ opened at $428.08 on Friday. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75. The business has a 50-day moving average of $421.60 and a two-hundred day moving average of $468.83. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company 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 firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.18 earnings per share. Equities research analysts anticipate that Domino’s Pizza will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is presently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently modified their holdings of DPZ. Blue Trust Inc. raised its holdings in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza during the third quarter valued at approximately $30,000. Crewe Advisors LLC bought a new position in Domino’s Pizza in the 1st quarter worth $36,000. Versant Capital Management Inc boosted 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 valued at $43,000 after purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Domino’s Pizza during the third quarter worth $43,000. 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.