Domino’s Pizza (NYSE:DPZ) PT Lowered to $370.00 at Barclays

Domino’s Pizza (NYSE:DPZ) had its price objective reduced by Barclays from $380.00 to $370.00 in a research note published on Friday, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

A number of other equities analysts have also commented on the stock. Benchmark cut their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a research report on Monday, July 22nd. Evercore ISI cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an outperform rating for the company in a report on Monday, October 7th. Guggenheim decreased their price target on shares of Domino’s Pizza from $485.00 to $460.00 and set a neutral rating on the stock in a report on Thursday, September 26th. Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating for the company in a research note on Monday, October 7th. Finally, BTIG Research reduced their target price on Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given 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 company has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Price Performance

NYSE: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 stock’s fifty day moving average price is $421.63 and its two-hundred day moving average price is $469.57. The company has a market cap of $15.03 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data 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. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared 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 of this dividend 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 (DPR) is currently 37.12%.

Institutional Trading of Domino’s Pizza

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $221,003,000 after buying an additional 230,090 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $72,296,000. Finally, TD Asset Management Inc boosted its holdings in shares of Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the period. 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.