Domino’s Pizza (NYSE:DPZ) Price Target Cut to $450.00

Domino’s Pizza (NYSE:DPZ) had its price objective lowered by JPMorgan Chase & Co. from $470.00 to $450.00 in a research report released on Friday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets lowered their price target 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. The Goldman Sachs Group initiated coverage on Domino’s Pizza in a report on Thursday, June 13th. They set a buy rating and a $612.00 price objective for the company. Guggenheim decreased their price objective on Domino’s Pizza from $485.00 to $460.00 and set a neutral rating for the company in a report on Thursday, September 26th. Baird R W raised Domino’s Pizza from a hold rating to a strong-buy rating in a research report on Monday, July 8th. Finally, Piper Sandler reduced their price target on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating for the company in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $489.55.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $428.08 on Friday. Domino’s Pizza has a fifty-two week low of $332.13 and a fifty-two week high of $542.75. The firm has a market capitalization of $14.93 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.23 and a beta of 0.86. The company’s 50 day simple moving average is $421.60 and its 200 day simple moving average is $468.83.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $4.18 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s payout ratio is 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Domino’s Pizza by 162.5% during 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc boosted its holdings 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 valued at $43,000 after acquiring an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $43,000. Institutional investors own 94.63% of the company’s stock.

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.