Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $525.00 at BMO Capital Markets

Domino’s Pizza (NYSE:DPZ) had its price target reduced by BMO Capital Markets from $575.00 to $525.00 in a research report released on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

Several other analysts have also recently weighed in on DPZ. TD Securities restated a buy rating and set a $580.00 price objective on shares of Domino’s Pizza in a research report on Thursday, May 16th. Barclays lifted their price target on Domino’s Pizza from $405.00 to $470.00 and gave the stock an underweight rating in a research note on Tuesday, April 30th. Stephens cut their price objective on Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating for the company in a report on Friday. HSBC raised their price objective on Domino’s Pizza from $507.00 to $583.00 and gave the company a buy rating in a report on Tuesday, April 30th. Finally, Morgan Stanley upped their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $520.07.

Domino’s Pizza Stock Up 2.8 %

NYSE:DPZ opened at $415.55 on Friday. The stock has a market cap of $14.49 billion, a P/E ratio of 27.12, a PEG ratio of 1.99 and a beta of 0.87. The business’s 50-day moving average price is $504.13 and its two-hundred day moving average price is $474.10. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $3.08 earnings per share. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Domino’s Pizza will post 16.18 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $2,073,473. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares during the last quarter. Crewe Advisors LLC bought a new position in Domino’s Pizza during the 1st quarter valued at approximately $36,000. Finally, Versant Capital Management Inc raised its stake in Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during 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, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.