Domino’s Pizza (NYSE:DPZ) Price Target Cut to $500.00 by Analysts at BTIG Research

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

Several other research firms have also commented on DPZ. Wells Fargo & Company cut their price objective on Domino’s Pizza from $450.00 to $420.00 and set an equal weight rating on the stock in a research report on Friday. Evercore ISI dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set an outperform rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their price target on Domino’s Pizza from $470.00 to $450.00 and set a neutral rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a buy rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a buy rating and a $612.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Stock Performance

DPZ opened at $429.67 on Friday. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm has a 50 day moving average price of $421.63 and a 200 day moving average price of $469.57. The company has a market cap of $15.03 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during 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%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.18 earnings per share. On average, sell-side analysts predict that Domino’s Pizza will post 16.24 earnings per share 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. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.12%.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of Domino’s Pizza by 130.2% during the 4th quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 112 shares during the period. American Trust acquired a new position in Domino’s Pizza during the 4th quarter valued at approximately $257,000. Goldman Sachs Group Inc. grew its stake in Domino’s Pizza by 13.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 303,916 shares of the restaurant operator’s stock worth $125,283,000 after buying an additional 35,179 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Domino’s Pizza by 0.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 13,442 shares of the restaurant operator’s stock worth $5,541,000 after buying an additional 125 shares during the period. Finally, Greenwood Capital Associates LLC bought a new stake in Domino’s Pizza in the fourth quarter valued at $556,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.