Loop Capital Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $555.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective trimmed by Loop Capital from $559.00 to $555.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. BMO Capital Markets raised their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday. Finally, Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Up 0.7 %

Shares of NASDAQ DPZ opened at $482.28 on Tuesday. The business has a 50-day moving average of $443.65 and a 200-day moving average of $435.98. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.48 EPS. On average, analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 37.10%.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently made changes to their positions in DPZ. KG&L Capital Management LLC raised its stake in Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after buying an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Domino’s Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after acquiring an additional 23 shares in the last quarter. Greenleaf Trust raised its position in shares of Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after purchasing an additional 28 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

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.