Oppenheimer Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $490.00

Domino’s Pizza (NYSE:DPZ) had its target price decreased by Oppenheimer from $510.00 to $490.00 in a research report report published on Friday, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the company. Baird R W upgraded Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating on the stock in a research note on Friday, July 19th. Loop Capital reduced their price objective on shares of Domino’s Pizza from $507.00 to $419.00 and set a hold rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Royal Bank of Canada cut their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an outperform rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of Moderate Buy and an average target price of $514.18.

Domino’s Pizza Stock Down 0.4 %

NYSE DPZ opened at $408.68 on Friday. Domino’s Pizza has a 52 week low of $330.05 and a 52 week high of $542.75. The firm has a 50 day moving average of $440.95 and a two-hundred day moving average of $474.36. The stock has a market capitalization of $14.25 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.17 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $3.08 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza will post 16.23 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. Domino’s Pizza’s payout ratio is currently 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently made changes to their positions in the stock. Coatue Management LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at about $322,859,000. Norges Bank acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth approximately $208,604,000. Price T Rowe Associates Inc. MD increased its stake in Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Vanguard Group Inc. raised its holdings in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in Domino’s Pizza by 66.8% during the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Hedge funds and other 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.