Guggenheim Trims Domino’s Pizza (NYSE:DPZ) Target Price to $460.00

Domino’s Pizza (NYSE:DPZ) had its price objective decreased by Guggenheim from $485.00 to $460.00 in a research report sent to investors on Thursday, Benzinga reports. Guggenheim currently has a neutral rating on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. Loop Capital reissued a hold rating and set a $419.00 price objective on shares of Domino’s Pizza in a research note on Friday, September 20th. Oppenheimer cut their price objective on Domino’s Pizza from $510.00 to $490.00 and set an outperform rating for the company in a report on Friday, September 6th. Barclays lowered their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an underweight rating on the stock in a research note on Friday, July 19th. Wedbush reissued an outperform rating and issued a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. Finally, Stephens lowered their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating on the stock in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of Moderate Buy and an average price target of $506.28.

Domino’s Pizza Stock Down 0.8 %

Shares of DPZ opened at $429.03 on Thursday. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The stock has a market cap of $14.96 billion, a PE ratio of 28.00, a P/E/G ratio of 2.21 and a beta of 0.86. The business’s 50-day moving average price is $422.52 and its 200-day moving average price is $471.82.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping 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 analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $3.08 EPS. Domino’s Pizza’s revenue was up 7.1% on a year-over-year basis. Analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s payout ratio is presently 39.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gilbert & Cook Inc. increased its stake in shares of Domino’s Pizza by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock valued at $613,000 after buying an additional 101 shares during the period. US Bancorp DE increased its position in Domino’s Pizza by 4.0% during the 4th quarter. US Bancorp DE now owns 5,299 shares of the restaurant operator’s stock valued at $2,185,000 after purchasing an additional 204 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Domino’s Pizza by 6.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,871 shares of the restaurant operator’s stock worth $2,364,000 after purchasing an additional 376 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Domino’s Pizza in the 4th quarter worth about $404,000. Finally, Parallel Advisors LLC boosted its stake in shares of Domino’s Pizza by 16.8% during the 4th quarter. Parallel Advisors LLC now owns 236 shares of the restaurant operator’s stock valued at $97,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

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.