Guggenheim Cuts Domino’s Pizza (NYSE:DPZ) Price Target to $460.00

Domino’s Pizza (NYSE:DPZ) had its price objective trimmed by Guggenheim from $485.00 to $460.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada dropped their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an outperform rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a report on Monday, July 22nd. TD Cowen lowered their price objective on shares of Domino’s Pizza from $520.00 to $475.00 and set a buy rating for the company in a report on Monday, September 16th. Benchmark lowered their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a report on Monday, July 22nd. Finally, Loop Capital restated a hold rating and issued a $419.00 price objective on shares of Domino’s Pizza in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of Moderate Buy and a consensus target price of $506.28.

Domino’s Pizza Stock Down 0.8 %

NYSE DPZ opened at $429.03 on Thursday. The company has a 50-day simple moving average of $422.52 and a two-hundred day simple moving average of $471.96. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $3.08 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Domino’s Pizza by 0.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after purchasing an additional 39 shares during the last quarter. Bayesian Capital Management LP boosted its holdings in Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after purchasing an additional 44,688 shares during the last quarter. 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.