Mizuho Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $470.00

Domino’s Pizza (NASDAQ:DPZ) had its target price decreased by Mizuho from $500.00 to $470.00 in a report published on Wednesday,MarketScreener reports. Mizuho currently has an outperform rating on the restaurant operator’s stock.

A number of other analysts have also issued reports on DPZ. Argus raised Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. UBS Group decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Hovde Group set a $460.00 price target on Domino’s Pizza in a research note on Monday, January 5th. Citigroup reduced their price objective on Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $464.26.

Domino’s Pizza Trading Down 1.3%

Shares of NASDAQ:DPZ opened at $367.64 on Wednesday. The stock’s 50-day moving average price is $380.76 and its two-hundred day moving average price is $401.06. Domino’s Pizza has a 12-month low of $346.31 and a 12-month high of $499.08. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.63 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) 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 quarter last year, the firm posted $4.89 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza will post 19.74 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. Stockholders of record on Friday, March 13th were paid a $1.99 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.2%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently modified their holdings of the company. SHP Wealth Management acquired a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza during the 1st quarter worth approximately $31,000. Johnson Financial Group Inc. lifted its position in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in Domino’s Pizza during the 4th quarter worth approximately $42,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.