Domino’s Pizza (NYSE:DPZ) Price Target Cut to $490.00 by Analysts at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its target price cut by Oppenheimer from $510.00 to $490.00 in a research note released on Friday, MarketBeat.com reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other brokerages have also issued reports on DPZ. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a report on Thursday, June 13th. They issued a buy rating and a $612.00 target price for the company. Robert W. Baird upgraded shares of Domino’s Pizza from a neutral rating to an outperform rating and raised their price target for the company from $530.00 to $580.00 in a report on Monday, July 8th. Loop Capital decreased their target price on shares of Domino’s Pizza from $507.00 to $419.00 and set a hold rating for the company in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Domino’s Pizza from $470.00 to $450.00 and set a neutral rating for the company in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of Moderate Buy and an average target price of $514.18.

Domino’s Pizza Stock Down 0.4 %

DPZ opened at $408.68 on Friday. The stock’s fifty day moving average is $440.95 and its two-hundred day moving average is $474.36. The company has a market capitalization of $14.25 billion, a P/E ratio of 26.68, a PEG ratio of 2.17 and a beta of 0.86. 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 quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $3.08 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza will post 16.23 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 $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares during the period. Czech National Bank grew its stake in shares of Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after acquiring an additional 27 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares during the period. Insight Folios Inc raised its stake in shares of Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.