Domino’s Pizza (NYSE:DPZ) Price Target Cut to $280.00 by Analysts at Argus

Domino’s Pizza (NYSE:DPZ) had its price objective cut by Argus from $310.00 to $280.00 in a research note issued to investors on Wednesday, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research firms have also commented on DPZ. ValuEngine lowered shares of Virtu Financial from a hold rating to a sell rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Altagas in a research report on Tuesday, March 19th. Maxim Group reaffirmed a buy rating and set a $110.00 price target on shares of First Republic Bank in a research report on Wednesday. Cowen reaffirmed a buy rating on shares of Alector in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Genprex from a hold rating to a sell rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Domino’s Pizza presently has an average rating of Buy and an average price target of $294.89.

NYSE DPZ opened at $257.93 on Wednesday. Domino’s Pizza has a 52 week low of $231.28 and a 52 week high of $305.34. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.85 and a beta of 0.48. The company’s 50-day simple moving average is $277.86.



Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The firm had revenue of $811.65 million during the quarter, compared to analyst estimates of $834.87 million. During the same quarter in the prior year, the firm earned $1.84 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza will post 9.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.01%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 30.88%.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.62% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its stake in Domino’s Pizza by 36.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 55 shares during the period. Global Retirement Partners LLC boosted its stake in Domino’s Pizza by 12.3% in the 1st quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 60 shares during the period. NEXT Financial Group Inc boosted its stake in Domino’s Pizza by 85.7% in the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 60 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Domino’s Pizza by 2.6% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,409 shares of the restaurant operator’s stock worth $621,000 after purchasing an additional 61 shares during the period. Finally, CSat Investment Advisory L.P. boosted its stake in Domino’s Pizza by 9.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 899 shares of the restaurant operator’s stock worth $232,000 after purchasing an additional 79 shares during the period. Institutional investors own 97.06% of the company’s stock.

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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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The Fly

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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