Domino’s Pizza (NYSE:DPZ) PT Lowered to $370.00 at Barclays

Domino’s Pizza (NYSE:DPZ) had its target price decreased by Barclays from $380.00 to $370.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an underweight rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other reports. Oppenheimer restated an outperform rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Friday. The Goldman Sachs Group began coverage on 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a buy rating on the stock in a research note on Friday. Baird R W upgraded Domino’s Pizza from a hold rating to a strong-buy rating in a research note on Monday, July 8th. Finally, Guggenheim decreased their price target on Domino’s Pizza from $485.00 to $460.00 and set a neutral rating on the stock in a research report on Thursday, September 26th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $489.55.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $429.67 on Friday. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm has a market cap of $14.99 billion, a PE ratio of 28.05, a P/E/G ratio of 2.23 and a beta of 0.86. The stock has a fifty day moving average price of $421.63 and a 200-day moving average price of $469.31.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in 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 in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza in the third quarter worth approximately $30,000. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the first quarter worth approximately $36,000. Versant Capital Management Inc boosted its stake in 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 in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza in the third quarter worth approximately $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.