Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $400.00 by Analysts at Wells Fargo & Company

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by Wells Fargo & Company from $430.00 to $400.00 in a research report sent to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the restaurant operator’s stock.

Several other brokerages have also commented on DPZ. Citigroup raised their price target on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Friday. Evercore restated an “outperform” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Finally, Hovde Group set a $460.00 target price on Domino’s Pizza in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $474.64.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $358.79 on Tuesday. The firm has a fifty day moving average of $391.37 and a 200-day moving average of $408.38. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Domino’s Pizza has a 1 year low of $346.31 and a 1 year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.89 earnings per share. Analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 2.2%. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in shares of Domino’s Pizza by 8.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,684 shares of the restaurant operator’s stock worth $7,371,000 after buying an additional 1,330 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new position in Domino’s Pizza during the fourth quarter valued at about $1,387,000. PeakShares LLC acquired a new position in Domino’s Pizza during the fourth quarter worth about $226,000. SHP Wealth Management bought a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Domino’s Pizza by 506.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 592 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.