Domino’s Pizza (NYSE:DPZ) PT Lowered to $460.00 at Guggenheim

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.

A number of other brokerages have also recently commented on DPZ. Oppenheimer dropped their price target on Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a research report on Friday, September 6th. Wedbush reissued an outperform rating and issued a $575.00 target price on shares of Domino’s Pizza in a report on Monday, July 15th. Royal Bank of Canada reduced their price target on Domino’s Pizza from $575.00 to $500.00 and set an outperform rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a research report on Thursday, June 13th. They issued a buy rating and a $612.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $506.28.

Domino’s Pizza Trading Down 0.8 %

DPZ opened at $429.03 on Thursday. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. The stock has a fifty day simple moving average of $422.52 and a two-hundred day simple moving average of $471.82.

Domino’s Pizza (NYSE:DPZ) last issued 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. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $3.08 EPS. Domino’s Pizza’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth $6,454,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Domino’s Pizza in the second quarter worth about $268,000. Sanctuary Advisors LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at about $1,556,000. Cetera Investment Advisers grew its stake in shares of Domino’s Pizza by 29.7% during the 2nd quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock valued at $5,171,000 after acquiring an additional 2,294 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $6,423,000. 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.