Domino’s Pizza (NYSE:DPZ) PT Lowered to $420.00 at Stephens

Domino’s Pizza (NYSE:DPZ) had its target price trimmed by Stephens from $430.00 to $420.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other equities analysts also recently commented on DPZ. Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an equal weight rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating on the stock in a report on Friday. Piper Sandler decreased their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a neutral rating on the stock in a report on Monday, October 7th. Morgan Stanley decreased their price objective 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. Finally, 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 research note on Thursday, September 26th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $489.55.

Domino’s Pizza Trading Up 5.1 %

NYSE DPZ opened at $429.67 on Friday. The firm’s fifty day moving average price is $421.63 and its two-hundred day moving average price is $469.31. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm has a market capitalization of $14.99 billion, a P/E ratio of 28.05, 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 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company earned $4.18 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Blue Trust Inc. raised its holdings in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Domino’s Pizza in the 3rd quarter valued at approximately $30,000. Crewe Advisors LLC bought a new position in Domino’s Pizza in the 1st quarter valued at approximately $36,000. Versant Capital Management Inc raised its holdings in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Domino’s Pizza in the 3rd quarter valued at approximately $43,000. Institutional investors 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.