Domino’s Pizza (NYSE:DPZ) had its target price cut by Citigroup from $298.00 to $293.00 in a research note published on Monday morning. They currently have a neutral rating on the restaurant operator’s stock.
Several other brokerages have also recently issued reports on DPZ. Wells Fargo & Co boosted their price target on Domino’s Pizza from $255.00 to $260.00 and gave the company a market perform rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Morgan Stanley upped their target price on Domino’s Pizza from $260.00 to $270.00 and gave the company an equal weight rating in a research report on Monday, July 16th. Barclays upped their target price on Domino’s Pizza from $241.00 to $262.00 and gave the company an equal weight rating in a research report on Friday, July 20th. Mizuho set a $300.00 target price on Domino’s Pizza and gave the company a buy rating in a research report on Wednesday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on Domino’s Pizza from $260.00 to $270.00 and gave the company a $271.75 rating in a research report on Monday, July 23rd. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of Buy and a consensus target price of $274.30.
NYSE DPZ traded down $6.45 during trading on Monday, reaching $255.32. The company’s stock had a trading volume of 4,144 shares, compared to its average volume of 728,530. The company has a quick ratio of 1.50, a current ratio of 1.61 and a debt-to-equity ratio of -1.16. The company has a market capitalization of $11.14 billion, a P/E ratio of 47.77, a P/E/G ratio of 1.85 and a beta of 0.22. Domino’s Pizza has a 12 month low of $166.74 and a 12 month high of $305.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.86%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other news, insider J Patrick Doyle sold 25,600 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $301.15, for a total value of $7,709,440.00. Following the completion of the transaction, the insider now owns 49,670 shares of the company’s stock, valued at $14,958,120.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Russell J. Weiner sold 4,404 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the completion of the transaction, the chief operating officer now directly owns 13,738 shares of the company’s stock, valued at approximately $4,037,323.44. The disclosure for this sale can be found here. Insiders sold 40,004 shares of company stock valued at $11,956,888 in the last three months. Company insiders own 3.97% of the company’s stock.
A number of large investors have recently modified their holdings of DPZ. Qube Research & Technologies Ltd bought a new position in Domino’s Pizza in the 2nd quarter valued at approximately $119,000. First Hawaiian Bank bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at $142,000. Flagship Harbor Advisors LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at $166,000. Winslow Evans & Crocker Inc. bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at $172,000. Finally, HRT Financial LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at $212,000. 92.72% of the stock is owned by institutional investors and hedge funds.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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