Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $400.00 at TD Cowen

Domino’s Pizza (NASDAQ:DPZ) had its target price trimmed by TD Cowen from $450.00 to $400.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. William Blair set a $540.00 target price on Domino’s Pizza in a research note on Monday, February 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Stifel Nicolaus cut their target price on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their target price for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. Finally, Guggenheim cut their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $473.15.

Domino’s Pizza Stock Performance

DPZ opened at $369.17 on Tuesday. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.59 and a beta of 1.18. The stock’s 50 day moving average price is $383.95 and its 200-day moving average price is $404.04. Domino’s Pizza has a one year low of $346.31 and a one year high of $499.08.

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

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio (DPR) is 45.30%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Huntleigh Advisors Inc. increased its holdings in Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 25 shares during the period. Lafayette Investments Inc. increased its holdings in Domino’s Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 26 shares during the period. Ritholtz Wealth Management boosted its position in Domino’s Pizza by 1.1% during the 3rd 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 boosted its position in Domino’s Pizza by 2.9% during the 3rd 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. boosted its position in Domino’s Pizza by 1.2% during the 3rd 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 currently owned by hedge funds and other 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.