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

Domino’s Pizza (NYSE:DPZ) had its price objective trimmed by BMO Capital Markets from $575.00 to $525.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently commented on DPZ. Royal Bank of Canada reissued an outperform rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research note on Thursday, June 20th. BTIG Research increased their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the company a buy rating in a research note on Tuesday, April 30th. The Goldman Sachs Group assumed coverage on shares of Domino’s Pizza in a research note on Thursday, June 13th. They issued a buy rating and a $612.00 price objective on the stock. TD Securities reaffirmed a buy rating and set a $580.00 price target on shares of Domino’s Pizza in a research note on Thursday, May 16th. Finally, Robert W. Baird raised shares of Domino’s Pizza from a neutral rating to an outperform rating and raised their price target for the stock from $530.00 to $580.00 in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $524.89.

Domino’s Pizza Stock Down 1.2 %

NYSE:DPZ opened at $404.17 on Friday. The stock has a market cap of $14.10 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The firm’s fifty day simple moving average is $506.02 and its 200-day simple moving average is $474.00.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.08 EPS. Equities analysts anticipate that Domino’s Pizza will post 16.18 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared 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 of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. Corporate 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 made changes to their positions in DPZ. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza in the fourth quarter worth $25,000. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Domino’s Pizza by 127.8% in the fourth 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 stake in shares of Domino’s Pizza in the first quarter worth $36,000. Finally, Versant Capital Management Inc increased its stake in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.