Domino’s Pizza (NYSE:DPZ) PT Lowered to $500.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by BTIG Research from $580.00 to $500.00 in a research note released on Friday morning, Benzinga reports. BTIG Research currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on DPZ. Oppenheimer reissued an outperform rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Friday. Royal Bank of Canada cut their price objective on Domino’s Pizza from $500.00 to $490.00 and set an outperform rating for the company in a report on Friday. The Goldman Sachs Group began coverage on shares of Domino’s Pizza in a report on Thursday, June 13th. They issued a buy rating and a $612.00 target price on the stock. Bank of America reduced their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a buy rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on Domino’s Pizza from $470.00 to $450.00 and set a neutral rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $489.55.

Domino’s Pizza Stock Down 0.4 %

DPZ stock opened at $428.08 on Friday. The business’s 50-day simple moving average is $421.60 and its 200 day simple moving average is $468.83. Domino’s Pizza has a twelve month low of $332.13 and a twelve month high of $542.75. The company has a market cap of $14.93 billion, a PE 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 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. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $4.18 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate 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 Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bayesian Capital Management LP raised its stake in Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the period. Bessemer Group Inc. boosted its stake in shares of Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD grew 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 acquiring an additional 230,090 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Domino’s Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after purchasing an additional 44,688 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Domino’s Pizza by 18.7% in the 1st quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock valued at $27,518,000 after purchasing an additional 8,744 shares in the last quarter. Hedge funds and other 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.