Domino’s Pizza (NYSE:DPZ) Price Target Increased to $582.00 by Analysts at Bank of America

Domino’s Pizza (NYSE:DPZ) had its price target boosted by Bank of America from $577.00 to $582.00 in a research note released on Friday, Benzinga reports. Bank of America currently has a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on DPZ. Royal Bank of Canada decreased their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an outperform rating for the company in a research note on Wednesday, July 24th. Oppenheimer dropped their price target on Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a research report on Friday, September 6th. Baird R W raised Domino’s Pizza from a hold rating to a strong-buy rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Domino’s Pizza from $580.00 to $500.00 and set a buy rating on the stock in a report on Monday, July 22nd. Finally, Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an outperform rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $507.00.

Domino’s Pizza Stock Up 1.1 %

Domino’s Pizza stock traded up $4.42 during trading on Friday, reaching $425.31. The stock had a trading volume of 569,029 shares, compared to its average volume of 598,755. The stock has a market cap of $14.83 billion, a PE ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 0.86. The business has a 50 day moving average price of $422.85 and a 200 day moving average price of $471.10. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $3.08 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.51 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.42%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in DPZ. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 5.8% during the 1st 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 purchased a new position in Domino’s Pizza during the fourth quarter worth approximately $322,859,000. Marshfield Associates boosted its holdings in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Domino’s Pizza by 27.8% during the 1st 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 period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after buying an additional 230,090 shares during the last quarter. 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.