Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $430.00 at Morgan Stanley

Domino’s Pizza (NASDAQ:DPZ) had its price target decreased by Morgan Stanley from $455.00 to $430.00 in a report issued on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on the company. Benchmark cut their price target on Domino’s Pizza from $540.00 to $465.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus cut their price target 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. TD Cowen cut their price target on Domino’s Pizza from $450.00 to $400.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Evercore reaffirmed an “outperform” rating and set a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $460.00 to $450.00 in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $468.21.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $369.20 on Tuesday. Domino’s Pizza has a 1-year low of $346.31 and a 1-year high of $499.08. The stock has a market cap of $12.42 billion, a PE ratio of 21.01, a P/E/G ratio of 1.61 and a beta of 1.18. The stock’s fifty day moving average is $381.46 and its two-hundred day moving average is $401.90.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results 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 net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same quarter in the previous year, the company posted $4.89 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Domino’s Pizza will post 19.75 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. 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 dividend payout ratio is 45.30%.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares during the period. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth about $31,000. Finally, Arax Advisory Partners acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.