Domino’s Pizza (NASDAQ:DPZ) Given New $425.00 Price Target at Citigroup

Domino’s Pizza (NASDAQ:DPZ) had its price target trimmed by Citigroup from $440.00 to $425.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts have also weighed in on the stock. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $460.00 to $450.00 in a research note on Tuesday, February 24th. Barclays raised shares of Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Cowen reissued a “hold” rating and set a $460.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. Finally, Guggenheim decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $475.37.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $368.15 on Tuesday. Domino’s Pizza has a 1-year low of $346.31 and a 1-year high of $499.08. The company has a 50-day moving average of $387.54 and a 200 day moving average of $406.01. The firm has a market cap of $12.38 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18.

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). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business had revenue of $1.54 billion during the quarter. During the same period in the previous year, the business posted $4.89 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given 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 dividend yield of 2.2%. Domino’s Pizza’s payout ratio is currently 45.30%.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently modified their holdings of the company. Huntleigh Advisors Inc. lifted its position in shares of Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares during the last quarter. Lafayette Investments Inc. increased its holdings in shares of Domino’s Pizza by 2.8% during the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 26 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Domino’s Pizza by 1.1% during the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after acquiring an additional 27 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Domino’s Pizza by 2.9% during the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after acquiring an additional 27 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Domino’s Pizza by 1.2% during the third quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after acquiring an additional 28 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

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.