Domino’s Pizza (NYSE:DPZ) had its price objective trimmed by Wells Fargo & Co from $263.00 to $250.00 in a research report released on Friday, February 22nd, The Fly reports. The brokerage currently has a market perform rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.
DPZ has been the topic of several other research reports. Maxim Group reaffirmed a buy rating and set a $310.00 target price on shares of Domino’s Pizza in a report on Friday, November 16th. UBS Group reaffirmed a hold rating on shares of Domino’s Pizza in a report on Wednesday, November 7th. Zacks Investment Research raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $271.00 target price on the stock in a report on Tuesday, December 18th. Cowen began coverage on shares of Domino’s Pizza in a report on Friday, January 11th. They issued an outperform rating and a $290.00 price target on the stock. Finally, Robert W. Baird raised their price target on shares of Domino’s Pizza from $295.00 to $330.00 and gave the stock an outperform rating in a report on Tuesday, February 19th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $286.90.
NYSE DPZ traded down $4.82 on Friday, hitting $243.94. The stock had a trading volume of 637,400 shares, compared to its average volume of 837,948. Domino’s Pizza has a 52-week low of $225.25 and a 52-week high of $305.34. The stock has a market capitalization of $10.21 billion, a PE ratio of 28.97, a P/E/G ratio of 1.77 and a beta of 0.57.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $2.62 EPS for the quarter, missing the Zacks’ consensus estimate of $2.69 by ($0.07). Domino’s Pizza had a negative return on equity of 12.46% and a net margin of 10.54%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company earned $2.09 EPS. Domino’s Pizza’s quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza will post 9.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.65 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.55. This represents a $2.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 30.88%.
In other Domino’s Pizza news, Director James A. Goldman sold 1,190 shares of Domino’s Pizza stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $247.24, for a total value of $294,215.60. Following the completion of the transaction, the director now directly owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.97% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its position in Domino’s Pizza by 24.1% during the fourth quarter. American Century Companies Inc. now owns 281,808 shares of the restaurant operator’s stock valued at $69,886,000 after buying an additional 54,794 shares during the period. Norges Bank bought a new stake in Domino’s Pizza during the fourth quarter valued at approximately $116,931,000. Dimensional Fund Advisors LP grew its position in Domino’s Pizza by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,897 shares of the restaurant operator’s stock valued at $41,148,000 after buying an additional 3,325 shares during the period. FMR LLC grew its position in Domino’s Pizza by 51.2% during the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock valued at $512,206,000 after buying an additional 699,502 shares during the period. Finally, APG Asset Management N.V. grew its position in Domino’s Pizza by 35.7% during the fourth quarter. APG Asset Management N.V. now owns 13,300 shares of the restaurant operator’s stock valued at $2,885,000 after buying an additional 3,500 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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