Domino’s Pizza (NYSE:DPZ) Given New $500.00 Price Target at Royal Bank of Canada

Domino’s Pizza (NYSE:DPZ) had its target price trimmed by Royal Bank of Canada from $575.00 to $500.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other research firms have also weighed in on DPZ. Argus increased their price objective on shares of Domino’s Pizza from $580.00 to $600.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Barclays decreased their price objective on shares of Domino’s Pizza from $470.00 to $380.00 and set an underweight rating for the company in a research note on Friday, July 19th. Jefferies Financial Group increased their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. BMO Capital Markets cut their target price on shares of Domino’s Pizza from $575.00 to $525.00 and set an outperform rating for the company in a research report on Friday, July 19th. Finally, Robert W. Baird upgraded shares of Domino’s Pizza from a neutral rating to an outperform rating and raised their price target for the company from $530.00 to $580.00 in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $517.39.

Domino’s Pizza Stock Down 1.8 %

DPZ stock opened at $417.45 on Wednesday. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.19 and a beta of 0.87. The business has a fifty day simple moving average of $496.84 and a 200-day simple moving average of $474.12. 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 announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations 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 was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.08 EPS. As a group, analysts expect that Domino’s Pizza will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.45%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. Blue Trust Inc. increased its position in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Domino’s Pizza during the first quarter worth $36,000. Versant Capital Management Inc increased its position in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares in the last quarter. 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.