Deutsche Bank Aktiengesellschaft Trims Domino’s Pizza (NYSE:DPZ) Target Price to $500.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by Deutsche Bank Aktiengesellschaft from $580.00 to $500.00 in a research report released on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently commented on DPZ. HSBC increased their price target on shares of Domino’s Pizza from $507.00 to $583.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Argus lifted their price target on shares of Domino’s Pizza from $580.00 to $600.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Jefferies Financial Group increased their price objective on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Stephens reduced their price target on Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating for the company in a research report on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on Domino’s Pizza in a report on Thursday, June 13th. They issued a buy rating and a $612.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $517.39.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $425.17 on Monday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.22 and a beta of 0.87. The firm has a fifty day moving average of $498.75 and a 200-day moving average of $473.58. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $3.08 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that Domino’s Pizza will post 16.17 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction 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 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. Nordea Investment Management AB boosted its holdings in Domino’s Pizza by 50.3% in the fourth quarter. Nordea Investment Management AB now owns 5,091 shares of the restaurant operator’s stock worth $2,095,000 after purchasing an additional 1,703 shares during the last quarter. HB Wealth Management LLC bought a new stake in Domino’s Pizza during the 4th quarter valued at approximately $269,000. Wealthsource Partners LLC lifted its holdings in shares of Domino’s Pizza by 2.0% in the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock worth $529,000 after buying an additional 25 shares in the last quarter. Raymond James & Associates lifted its stake in Domino’s Pizza by 4.5% in the 4th quarter. Raymond James & Associates now owns 52,028 shares of the restaurant operator’s stock worth $21,447,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Domino’s Pizza by 36.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,489 shares of the restaurant operator’s stock valued at $6,385,000 after buying an additional 4,152 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.