Deutsche Bank Aktiengesellschaft Trims Domino’s Pizza (NYSE:DPZ) Target Price to $480.00

Domino’s Pizza (NYSE:DPZ) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $500.00 to $480.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also issued reports on DPZ. Morgan Stanley reduced their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an overweight rating on the stock in a report on Friday. Oppenheimer reiterated an outperform rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Friday. Piper Sandler cut their price target on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating on the stock in a report on Monday, October 7th. BMO Capital Markets reduced their price target on Domino’s Pizza from $510.00 to $500.00 and set an outperform rating on the stock in a research report on Friday. Finally, Guggenheim lowered their price objective on Domino’s Pizza from $485.00 to $460.00 and set a neutral rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Trading Down 0.4 %

DPZ stock opened at $428.08 on Friday. The business’s fifty day moving average price is $421.60 and its 200 day moving average price is $468.83. Domino’s Pizza has a 12-month low of $332.13 and a 12-month high of $542.75. The company has a market capitalization of $14.93 billion, a PE ratio of 27.94, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. During the same period in the prior year, the firm earned $4.18 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in 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 acquiring an additional 230,090 shares during the period. Vanguard Group Inc. raised its stake in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Domino’s Pizza in the 2nd quarter valued at $72,296,000. Finally, TD Asset Management Inc raised its position 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 worth $315,685,000 after buying an additional 138,224 shares during the last quarter. 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.