Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $423.00 at DA Davidson

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by DA Davidson from $436.00 to $423.00 in a research report released on Wednesday morning,MarketScreener reports. They currently have a buy rating on the restaurant operator’s stock.

DPZ has been the topic of several other reports. UBS Group decreased their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday. Benchmark decreased their price target on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday. Evercore cut their price objective on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday. Mizuho cut their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Friday, March 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $421.35.

Domino’s Pizza Price Performance

DPZ stock traded up $5.26 during midday trading on Wednesday, reaching $337.57. 290,280 shares of the company were exchanged, compared to its average volume of 955,324. The business has a 50-day moving average price of $378.27 and a two-hundred day moving average price of $399.47. Domino’s Pizza has a one year low of $326.54 and a one year high of $499.08. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same period last year, the business posted $4.33 earnings per share. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza will post 19.72 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Northwestern Mutual Wealth Management Co. increased its stake in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the period. Norges Bank acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $285,116,000. Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares during the period. Two Sigma Investments LP increased its stake in shares of Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after buying an additional 255,060 shares during the period. Finally, Woodline Partners LP increased its stake in shares of Domino’s Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock valued at $104,609,000 after buying an additional 239,405 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.