Loop Capital Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price target lowered by Loop Capital from $559.00 to $555.00 in a report released on Tuesday,Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

Several other research firms have also recently weighed in on DPZ. Oppenheimer increased their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Barclays increased their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday. BMO Capital Markets boosted their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday. Finally, Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

DPZ opened at $482.28 on Tuesday. The company’s 50-day simple moving average is $443.65 and its two-hundred day simple moving average is $435.98. The stock has a market capitalization of $16.65 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $4.48 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its position in shares of Domino’s Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. FMR LLC grew its stake in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Geode Capital Management LLC lifted its stake in Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

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.