Domino’s Pizza (NYSE:DPZ) Price Target Cut to $450.00 by Analysts at JPMorgan Chase & Co.

Domino’s Pizza (NYSE:DPZ) had its target price decreased by JPMorgan Chase & Co. from $470.00 to $450.00 in a report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Piper Sandler cut their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a neutral rating for the company in a report on Monday, October 7th. Stephens reiterated an equal weight rating and issued a $430.00 price target on shares of Domino’s Pizza in a research note on Thursday. Robert W. Baird cut their price objective on Domino’s Pizza from $580.00 to $535.00 and set an outperform rating for the company in a research report on Thursday, September 12th. Loop Capital reissued a hold rating and set a $419.00 price target on shares of Domino’s Pizza in a research note on Friday, September 20th. Finally, Baird R W raised Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Trading Up 5.1 %

Domino’s Pizza stock opened at $429.67 on Friday. Domino’s Pizza has a 12-month low of $332.13 and a 12-month high of $542.75. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86. The firm has a 50 day moving average of $421.63 and a 200 day moving average of $469.57.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 EPS. Domino’s Pizza’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.12%.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the period. Marshfield Associates raised its stake in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after buying an additional 2,271 shares during the period. TD Asset Management Inc boosted its holdings in Domino’s Pizza by 27.8% in the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after buying an additional 138,224 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 acquiring an additional 230,090 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Domino’s Pizza by 4.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock worth $205,666,000 after purchasing an additional 18,030 shares in the last quarter. Institutional investors and hedge funds 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.