Oppenheimer Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $415.00

Domino’s Pizza (NASDAQ:DPZFree Report) had its target price cut by Oppenheimer from $465.00 to $415.00 in a research report report published on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on the stock. UBS Group dropped their target price on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. BTIG Research reduced their price target on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Barclays dropped their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a report on Monday, April 27th. Finally, Gordon Haskett reduced their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

Check Out Our Latest Stock Analysis on DPZ

Domino’s Pizza Stock Up 1.1%

Shares of Domino’s Pizza stock opened at $323.25 on Tuesday. The firm has a market capitalization of $10.69 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.55 and a beta of 0.97. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $486.68. The firm’s 50 day moving average is $310.18 and its two-hundred day moving average is $355.63.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.81 EPS. As a group, research analysts expect that Domino’s Pizza will post 18.87 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is 45.15%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 1,950 shares of company stock worth $611,451. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Investors Research Corp boosted its stake in shares of Domino’s Pizza by 9,900.0% during the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after buying an additional 99 shares during the period. Tema ETFs LLC grew its holdings in shares of Domino’s Pizza by 229.4% during the second quarter. Tema ETFs LLC now owns 593 shares of the restaurant operator’s stock worth $176,000 after buying an additional 413 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Domino’s Pizza by 5.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock valued at $287,000 after acquiring an additional 50 shares during the period. Invariant Investment Management increased its position in Domino’s Pizza by 59.8% in the 2nd quarter. Invariant Investment Management now owns 3,008 shares of the restaurant operator’s stock valued at $920,000 after acquiring an additional 1,126 shares during the period. Finally, Czech National Bank raised its stake in Domino’s Pizza by 2.9% during the 2nd quarter. Czech National Bank now owns 8,710 shares of the restaurant operator’s stock valued at $2,579,000 after acquiring an additional 245 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

Domino’s Pizza Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Domino's Pizza (NASDAQ:DPZ)

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.