Bank of America Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $582.00

Domino’s Pizza (NYSE:DPZ) had its price target hoisted by Bank of America from $577.00 to $582.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other brokerages have also issued reports on DPZ. Wedbush reissued an outperform rating and issued a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a research report on Monday, July 8th. Loop Capital reaffirmed a hold rating and set a $419.00 price target on shares of Domino’s Pizza in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a neutral rating in a report on Monday, September 16th. Finally, Stephens dropped their price objective on Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of Moderate Buy and a consensus price target of $504.03.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $409.95 on Friday. The firm has a market cap of $14.30 billion, a PE ratio of 26.76, a P/E/G ratio of 2.21 and a beta of 0.86. The firm has a 50 day simple moving average of $422.65 and a 200-day simple moving average of $470.98. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $3.08 EPS. Domino’s Pizza’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.47%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Domino’s Pizza in the third quarter valued at about $30,000. Crewe Advisors LLC acquired a new stake in Domino’s Pizza during the first quarter valued at approximately $36,000. Versant Capital Management Inc lifted 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 worth $43,000 after buying an additional 72 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Domino’s Pizza during the 2nd quarter worth approximately $62,000. 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.