Guggenheim Cuts Domino’s Pizza (NYSE:DPZ) Price Target to $460.00

Domino’s Pizza (NYSE:DPZ) had its price target reduced by Guggenheim from $485.00 to $460.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other reports. Oppenheimer reduced their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a report on Friday, September 6th. Robert W. Baird reduced their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an outperform rating on the stock in a research report on Thursday, September 12th. Stephens reduced their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating on the stock in a research report on Friday, July 19th. Loop Capital reissued a hold rating and issued a $419.00 price objective on shares of Domino’s Pizza in a research report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, ten 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, the stock has a consensus rating of Moderate Buy and an average target price of $506.28.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $429.03 on Thursday. The company has a market cap of $14.96 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.21 and a beta of 0.86. The firm’s fifty day moving average is $422.52 and its two-hundred day moving average is $471.96. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 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%. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.08 EPS. As a group, analysts forecast that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DPZ. Coatue Management LLC purchased a new position in shares of Domino’s Pizza during the fourth quarter worth $322,859,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Domino’s Pizza during the second quarter worth $72,296,000. 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.