Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $325.00 by Analysts at Royal Bank Of Canada

Domino’s Pizza (NASDAQ:DPZ) had its price objective cut by Royal Bank Of Canada from $350.00 to $325.00 in a research report report published on Monday morning,Benzinga reports. They currently have a sector perform rating on the restaurant operator’s stock.

Several other research analysts have also recently weighed in on DPZ. JPMorgan Chase & Co. lowered their target price on Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Citigroup reduced their price target on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Guggenheim lowered their price target on shares of Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Finally, TD Cowen upped their price objective on shares of Domino’s Pizza from $310.00 to $320.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and an average price target of $392.58.

Domino’s Pizza Trading Down 0.1%

Shares of Domino’s Pizza stock opened at $297.27 on Monday. The firm has a market capitalization of $9.83 billion, a PE ratio of 16.86, a P/E/G ratio of 1.37 and a beta of 0.94. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $442.35. The firm’s 50-day moving average price is $330.28 and its 200 day moving average price is $330.20.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Domino’s Pizza will post 18.95 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $1.99 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.7%. Domino’s Pizza’s payout ratio is presently 45.15%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,767 shares of company stock worth $7,737,107 in the last quarter. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in DPZ. SHP Wealth Management purchased a new position in Domino’s Pizza in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $28,000. Investors Research Corp raised its stake in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth about $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares in 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 is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.