Robert W. Baird Trims Domino’s Pizza (NYSE:DPZ) Target Price to $535.00

Domino’s Pizza (NYSE:DPZ) had its price target cut by Robert W. Baird from $580.00 to $535.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a buy rating and a $612.00 price objective for the company. Loop Capital lowered their price objective on shares of Domino’s Pizza from $507.00 to $419.00 and set a hold rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a research report on Monday, July 22nd. TD Securities reiterated a buy rating and set a $580.00 price objective on shares of Domino’s Pizza in a research report on Thursday, May 16th. Finally, Wedbush restated an outperform rating and issued a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $512.04.

Domino’s Pizza Trading Down 0.4 %

Shares of NYSE:DPZ opened at $402.52 on Thursday. The firm has a 50 day moving average of $432.29 and a 200-day moving average of $473.82. The stock has a market capitalization of $14.04 billion, a PE ratio of 26.27, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. The company 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 business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.08 EPS. On average, 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 Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.50%. Domino’s Pizza’s payout ratio is 39.43%.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the last quarter. Czech National Bank raised its holdings in shares of Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after purchasing an additional 27 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 27 shares during the last quarter. Insight Folios Inc raised its holdings in shares of Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 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.