Domino’s Pizza (NYSE:DPZ) PT Lowered to $295.00

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Domino’s Pizza (NYSE:DPZ) had its target price reduced by Oppenheimer from $310.00 to $295.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have an outperform rating on the restaurant operator’s stock. Oppenheimer also issued estimates for Domino’s Pizza’s Q3 2019 earnings at $2.10 EPS and Q4 2019 earnings at $2.99 EPS.

DPZ has been the subject of a number of other reports. Mizuho reissued a buy rating and set a $12.00 price target on shares of Viewray in a research note on Wednesday. Zacks Investment Research lowered Genprex from a hold rating to a sell rating in a research note on Thursday, April 18th. Credit Suisse Group set a GBX 3,090 ($40.38) price target on Royal Dutch Shell and gave the stock a buy rating in a research note on Wednesday. Wells Fargo & Co reissued a buy rating and set a $85.00 price target on shares of Carvana in a research note on Monday, July 1st. Finally, Bank of America raised Air Products & Chemicals from an underperform rating to a neutral rating and raised their price target for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Domino’s Pizza presently has a consensus rating of Buy and an average price target of $294.89.

Shares of DPZ stock opened at $257.93 on Wednesday. Domino’s Pizza has a 52-week low of $231.28 and a 52-week high of $305.34. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 1.81 and a beta of 0.48. The business’s 50 day simple moving average is $277.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm had revenue of $811.65 million during the quarter, compared to analyst estimates of $834.87 million. During the same period last year, the company earned $1.84 EPS. Domino’s Pizza’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Domino’s Pizza will post 9.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 30.88%.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.62% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Alpha Cubed Investments LLC grew its stake in Domino’s Pizza by 14.6% during the 2nd quarter. Alpha Cubed Investments LLC now owns 1,020 shares of the restaurant operator’s stock worth $284,000 after buying an additional 130 shares during the last quarter. Copeland Capital Management LLC grew its stake in Domino’s Pizza by 19.5% during the 2nd quarter. Copeland Capital Management LLC now owns 37,428 shares of the restaurant operator’s stock valued at $10,415,000 after purchasing an additional 6,109 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Domino’s Pizza by 14.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,745 shares of the restaurant operator’s stock valued at $1,320,000 after purchasing an additional 617 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in Domino’s Pizza during the 2nd quarter valued at about $236,000. Finally, Accuvest Global Advisors purchased a new stake in Domino’s Pizza during the 2nd quarter valued at about $334,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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