BMO Capital Markets Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZ) had its target price trimmed by BMO Capital Markets from $450.00 to $420.00 in a report published on Tuesday, Marketbeat reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on DPZ. Mizuho reduced their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Robert W. Baird lowered their price target on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. TD Cowen upped their price target on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research report on Monday. Piper Sandler reduced their price objective on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $402.16.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $323.25 on Tuesday. The firm has a fifty day moving average of $310.18 and a two-hundred day moving average of $355.63. The firm has a market cap of $10.69 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.55 and a beta of 0.97. Domino’s Pizza has a 1-year low of $282.00 and a 1-year high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $3.81 EPS. On average, sell-side analysts expect that Domino’s Pizza will post 18.87 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 1,950 shares of company stock valued at $611,451. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its position in Domino’s Pizza by 55.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after acquiring an additional 16,179 shares during the period. Amica Mutual Insurance Co. grew its stake in shares of Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after purchasing an additional 6,223 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after purchasing an additional 910,529 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Domino’s Pizza by 18.0% during the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after purchasing an additional 5,282 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

More Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00
• Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.