Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $500.00 at Royal Bank of Canada

Domino’s Pizza (NYSE:DPZ) had its price target cut by Royal Bank of Canada from $575.00 to $500.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on DPZ. Robert W. Baird raised Domino’s Pizza from a neutral rating to an outperform rating and boosted their price target for the stock from $530.00 to $580.00 in a report on Monday, July 8th. BTIG Research upped their price objective on Domino’s Pizza from $515.00 to $580.00 and gave the stock a buy rating in a report on Tuesday, April 30th. Stifel Nicolaus upped their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a report on Thursday, April 11th. HSBC upped their price objective on Domino’s Pizza from $507.00 to $583.00 and gave the stock a buy rating in a report on Tuesday, April 30th. Finally, TD Cowen reaffirmed a buy rating and set a $610.00 price objective on shares of Domino’s Pizza in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of Moderate Buy and a consensus price target of $517.39.

Domino’s Pizza Trading Down 1.8 %

Shares of NYSE:DPZ opened at $417.45 on Wednesday. The stock has a 50 day moving average of $496.84 and a 200 day moving average of $474.12. The company has a market cap of $14.60 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $3.08 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Domino’s Pizza will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza during the first quarter worth about $36,000. Versant Capital Management Inc grew its stake in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the last quarter. 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.