Domino’s Pizza (NYSE:DPZ) Shares Gap Down After Analyst Downgrade

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) gapped down before the market opened on Monday after Evercore ISI lowered their price target on the stock from $500.00 to $480.00. The stock had previously closed at $425.31, but opened at $412.50. Evercore ISI currently has an outperform rating on the stock. Domino’s Pizza shares last traded at $412.91, with a volume of 194,752 shares traded.

DPZ has been the subject of several other research reports. Benchmark lowered their price objective on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada dropped their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Guggenheim reduced their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. BMO Capital Markets decreased their price objective on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.03.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza during the 3rd quarter worth $30,000. Blue Trust Inc. grew its position in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the 1st quarter valued at about $36,000. Versant Capital Management Inc lifted its position in shares of 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 in the last quarter. Finally, ORG Partners LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $62,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

The stock has a market cap of $14.40 billion, a PE ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 0.86. The business has a 50 day moving average price of $423.01 and a two-hundred day moving average price of $471.30.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 EPS. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, September 13th. Domino’s Pizza’s dividend payout ratio is 39.43%.

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.