Domino’s Pizza (NYSE:DPZ – Free Report) had its target price cut by BMO Capital Markets from $510.00 to $500.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.
DPZ has been the topic of several other research reports. Evercore ISI reduced their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an outperform rating on the stock in a report on Monday, October 7th. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. Wedbush reduced their price target on shares of Domino’s Pizza from $510.00 to $470.00 and set an outperform rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. reduced 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 report on Friday. Finally, Benchmark reduced their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of Moderate Buy and a consensus target price of $489.55.
Check Out Our Latest Stock Analysis on DPZ
Domino’s Pizza Trading Up 5.1 %
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.18 earnings per share. On average, equities research analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current year.
Domino’s Pizza Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.
Hedge Funds Weigh In On Domino’s Pizza
Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc grew its holdings in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $43,000. 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.
Featured Articles
- Five stocks we like better than Domino’s Pizza
- Bank Stocks – Best Bank Stocks to Invest In
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.