Domino’s Pizza (NYSE:DPZ) PT Lowered to $440.00

Domino’s Pizza (NYSE:DPZ) had its price target trimmed by Citigroup from $450.00 to $440.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Several other analysts have also recently issued reports on the company. Wells Fargo & Company cut their target price on Domino’s Pizza from $450.00 to $420.00 and set an equal weight rating on the stock in a research note on Friday. Royal Bank of Canada cut their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an outperform rating on the stock in a report on Friday. Bank of America dropped their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a buy rating for the company in a research report on Friday. Wedbush reiterated an outperform rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $489.55.

Domino’s Pizza Trading Down 0.4 %

Shares of NYSE:DPZ opened at $428.08 on Friday. The stock has a market capitalization of $14.93 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 12-month low of $332.13 and a 12-month high of $542.75. The stock’s 50-day moving average price is $421.60 and its 200-day moving average price is $468.83.

Domino’s Pizza (NYSE:DPZ) last issued its 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 for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.18 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

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

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of DPZ. Price T Rowe Associates Inc. MD lifted its position in 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 acquiring an additional 230,090 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Domino’s Pizza in the 2nd quarter worth approximately $72,296,000. Finally, TD Asset Management Inc increased its stake in 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 purchasing an additional 138,224 shares in the last quarter. Institutional investors 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.