Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $420.00 by Analysts at BMO Capital Markets

Domino’s Pizza (NASDAQ:DPZ) had its target price trimmed by BMO Capital Markets from $450.00 to $420.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other equities analysts also recently issued reports on DPZ. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday. Loop Capital decreased their target price on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Piper Sandler lowered their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, Jefferies Financial Group lowered their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $402.16.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $326.34 on Tuesday. The firm has a market cap of $10.85 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $486.68. The firm’s fifty day moving average is $309.57 and its 200-day moving average is $357.03.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza will post 18.89 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 1,950 shares of company stock valued at $611,451 in the last ninety days. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently modified their holdings of the business. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $895,251,000. Northwestern Mutual Wealth Management Co. lifted its stake in Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after acquiring an additional 910,529 shares in the last quarter. Norges Bank purchased a new position in Domino’s Pizza during the 4th quarter worth $285,116,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after acquiring an additional 375,709 shares in the last quarter. Finally, Berkshire Hathaway Inc grew its stake in shares of Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s beat revenue estimates in Q2, with sales up 4.3% year over year, and management highlighted stronger order volume across delivery and carryout. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Positive Sentiment: Analysts responded with several price-target updates, including Wells Fargo raising its target to $350 and BTIG reaffirming a Buy rating with a $425 target, suggesting some confidence in the longer-term setup. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Free cash flow and cash flow margins were described as strong, which is helping the stock appeal to value-oriented investors after the post-earnings reaction. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?

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.