Domino’s Pizza (NYSE:DPZ) PT Lowered to $500.00 at BMO Capital Markets

Domino’s Pizza (NYSE:DPZ) had its target price cut by BMO Capital Markets from $510.00 to $500.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

DPZ has been the topic of several other research reports. Evercore ISI reduced their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an outperform rating on the stock in a report on Monday, October 7th. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. Wedbush reduced their price target on shares of Domino’s Pizza from $510.00 to $470.00 and set an outperform rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating on the stock in a report on Friday. Finally, Benchmark reduced their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Trading Up 5.1 %

DPZ stock opened at $429.67 on Friday. The company has a market cap of $14.99 billion, a P/E ratio of 28.05, a P/E/G ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 52 week low of $332.13 and a 52 week high of $542.75. The company’s 50-day moving average price is $421.63 and its 200 day moving average price is $469.31.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.18 earnings per share. On average, equities research analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake 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 acquiring an additional 39 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc grew its holdings in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.