Domino’s Pizza (NYSE:DPZ) Price Target Raised to $520.00 at Morgan Stanley

Domino’s Pizza (NYSE:DPZ) had its price target raised by Morgan Stanley from $515.00 to $520.00 in a research note published on Wednesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada reduced their price objective on Domino’s Pizza from $575.00 to $500.00 and set an outperform rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a buy rating and a $612.00 price target on the stock. Loop Capital reissued a hold rating and issued a $419.00 price objective on shares of Domino’s Pizza in a report on Friday, September 20th. Robert W. Baird reduced their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an outperform rating on the stock in a research note on Thursday, September 12th. Finally, TD Cowen dropped their price target on shares of Domino’s Pizza from $520.00 to $475.00 and set a buy rating for the company in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of Moderate Buy and a consensus price target of $507.00.

Domino’s Pizza Stock Up 1.1 %

Domino’s Pizza stock opened at $425.31 on Wednesday. The company has a fifty day simple moving average of $423.01 and a 200-day simple moving average of $470.98. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.21 and a beta of 0.86. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $3.08 EPS. Domino’s Pizza’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $1.51 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.42%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Institutional Trading of Domino’s Pizza

A number of large investors have recently modified their holdings of the stock. Czech National Bank grew its stake in Domino’s Pizza by 7.2% during the 3rd quarter. Czech National Bank now owns 7,124 shares of the restaurant operator’s stock worth $3,064,000 after purchasing an additional 478 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza during the third quarter worth about $30,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Domino’s Pizza during the second quarter worth approximately $6,454,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Domino’s Pizza in the second quarter valued at approximately $268,000. Finally, Sanctuary Advisors LLC purchased a new position in Domino’s Pizza in the second quarter worth approximately $1,556,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.