Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $535.00 at Robert W. Baird

Domino’s Pizza (NYSE:DPZ) had its price objective decreased by Robert W. Baird from $580.00 to $535.00 in a report released on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Domino’s Pizza from $575.00 to $500.00 and set an outperform rating for the company in a report on Wednesday, July 24th. Barclays dropped their price target on Domino’s Pizza from $470.00 to $380.00 and set an underweight rating for the company in a report on Friday, July 19th. BMO Capital Markets dropped their price target on Domino’s Pizza from $525.00 to $510.00 and set an outperform rating for the company in a report on Wednesday. Wedbush reaffirmed an outperform rating and issued a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $512.04.

Domino’s Pizza Stock Down 0.6 %

Shares of NYSE DPZ opened at $405.66 on Thursday. The business’s 50 day moving average is $434.12 and its two-hundred day moving average is $474.03. The company has a market cap of $14.15 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.08 earnings per share. Sell-side analysts expect that Domino’s Pizza will post 16.25 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company 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 yield of 1.49%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its stake in shares of Domino’s Pizza by 7.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock worth $613,000 after purchasing an additional 101 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Domino’s Pizza in the fourth quarter worth $402,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Domino’s Pizza by 321.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 598 shares of the restaurant operator’s stock worth $246,000 after acquiring an additional 456 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Domino’s Pizza by 9.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock worth $397,000 after acquiring an additional 81 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Domino’s Pizza by 9.7% in the fourth quarter. Ieq Capital LLC now owns 612 shares of the restaurant operator’s stock worth $252,000 after buying an additional 54 shares in the last quarter. 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.