Domino’s Pizza (NYSE:DPZ) Price Target Cut to $380.00 by Analysts at Barclays

Domino’s Pizza (NYSE:DPZ) had its price target lowered by Barclays from $470.00 to $380.00 in a report published on Friday, Benzinga reports. The firm currently has an underweight rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the company. BTIG Research upped their price objective on Domino’s Pizza from $515.00 to $580.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. BMO Capital Markets lowered their price objective on Domino’s Pizza from $575.00 to $525.00 and set an outperform rating on the stock in a research report on Friday. Stifel Nicolaus upped their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research report on Thursday, April 11th. HSBC increased their target price on Domino’s Pizza from $507.00 to $583.00 and gave the company a buy rating in a research report on Tuesday, April 30th. Finally, Stephens decreased their target price on Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of Moderate Buy and a consensus price target of $520.07.

Domino’s Pizza Trading Up 2.8 %

Shares of NYSE:DPZ opened at $415.55 on Friday. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The company’s 50 day moving average is $504.13 and its 200 day moving average is $474.10. The company has a market cap of $14.49 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $3.08 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Domino’s Pizza will post 16.18 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. CWM LLC boosted its stake in shares of Domino’s Pizza by 9.7% in the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock valued at $485,000 after buying an additional 104 shares during the period. Tritonpoint Wealth LLC purchased a new stake in Domino’s Pizza during the fourth quarter worth approximately $1,980,000. Nisa Investment Advisors LLC lifted its stake in Domino’s Pizza by 353.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after purchasing an additional 3,189 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Domino’s Pizza by 0.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after purchasing an additional 39 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after purchasing an additional 498,170 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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.