Domino’s Pizza (NYSE:DPZ) PT Lowered to $365.00 at Cowen

Domino’s Pizza (NYSE:DPZGet Rating) had its price objective reduced by Cowen from $390.00 to $365.00 in a report released on Friday morning, Stock Target Advisor reports.

DPZ has been the subject of a number of other reports. Morgan Stanley decreased their target price on Domino’s Pizza from $460.00 to $433.00 and set an equal weight rating for the company in a report on Thursday, April 14th. Wedbush decreased their target price on Domino’s Pizza from $475.00 to $440.00 and set an outperform rating for the company in a report on Friday, April 22nd. Stifel Nicolaus decreased their price target on Domino’s Pizza from $485.00 to $425.00 in a report on Tuesday, March 1st. JPMorgan Chase & Co. decreased their price target on Domino’s Pizza from $430.00 to $400.00 in a report on Friday. Finally, Royal Bank of Canada decreased their price target on Domino’s Pizza from $480.00 to $440.00 in a report on Friday. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $442.81.

NYSE:DPZ traded down $15.88 during midday trading on Friday, reaching $338.00. The company had a trading volume of 877,227 shares, compared to its average volume of 481,351. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.15 and a beta of 0.62. The stock’s fifty day simple moving average is $396.84 and its 200-day simple moving average is $459.87. Domino’s Pizza has a 12-month low of $335.63 and a 12-month high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last released its earnings results on Thursday, April 28th. The restaurant operator reported $2.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.15 by ($0.65). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Domino’s Pizza had a net margin of 11.72% and a negative return on equity of 13.05%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.00 earnings per share. As a group, equities research analysts predict that Domino’s Pizza will post 14.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, June 14th. Domino’s Pizza’s payout ratio is 33.72%.

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 149 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $423.89, for a total transaction of $63,159.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 137 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the sale, the executive vice president now owns 3,362 shares in the company, valued at approximately $1,334,714. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Allworth Financial LP grew its holdings in shares of Domino’s Pizza by 512.5% in the 4th quarter. Allworth Financial LP now owns 49 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 41 shares during the period. Bellwether Advisors LLC lifted its stake in Domino’s Pizza by 1,016.7% in the 4th quarter. Bellwether Advisors LLC now owns 67 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 61 shares in the last quarter. CI Investments Inc. purchased a new stake in Domino’s Pizza in the 3rd quarter valued at approximately $39,000. Vigilant Capital Management LLC purchased a new stake in Domino’s Pizza in the 1st quarter valued at approximately $47,000. Finally, Bank of New Hampshire purchased a new stake in Domino’s Pizza in the 1st quarter valued at approximately $65,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Domino’s Pizza Company Profile (Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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