Domino’s Pizza (NYSE:DPZ) Given New $430.00 Price Target at Stephens

Domino’s Pizza (NYSE:DPZ) had its price target reduced by Stephens from $493.00 to $430.00 in a research note published on Friday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the stock. Barclays boosted their price target on shares of Domino’s Pizza from $405.00 to $470.00 and gave the stock an underweight rating in a research note on Tuesday, April 30th. Loop Capital reiterated a hold rating and set a $507.00 price target on shares of Domino’s Pizza in a research note on Wednesday, July 10th. BTIG Research boosted their price target on shares of Domino’s Pizza from $515.00 to $580.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Domino’s Pizza from $555.00 to $580.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Finally, Benchmark upped their target price on shares of Domino’s Pizza from $510.00 to $575.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $520.07.

Domino’s Pizza Stock Performance

NYSE DPZ opened at $415.55 on Friday. The firm has a market cap of $14.49 billion, a PE ratio of 27.12, a P/E/G ratio of 1.99 and a beta of 0.87. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75. The firm’s fifty day moving average is $504.13 and its two-hundred day moving average is $474.10.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $3.08 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Domino’s Pizza will post 16.18 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Activity at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently made changes to their positions in DPZ. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Crewe Advisors LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter valued at $36,000. Finally, Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 72 shares during the period. Institutional investors and hedge funds 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.