Evercore ISI Cuts Domino’s Pizza (NYSE:DPZ) Price Target to $480.00

Domino’s Pizza (NYSE:DPZ) had its price objective lowered by Evercore ISI from $500.00 to $480.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. TD Cowen reduced their target price 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. Wedbush dropped their target price on Domino’s Pizza from $510.00 to $470.00 and set an outperform rating on the stock in a research report on Friday, October 4th. Benchmark reduced their price target on Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a report on Monday, July 22nd. Barclays dropped their price objective on Domino’s Pizza from $470.00 to $380.00 and set an underweight rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Domino’s Pizza from $580.00 to $500.00 and set a buy rating for the company in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $504.03.

Domino’s Pizza Stock Down 1.1 %

DPZ opened at $408.75 on Monday. Domino’s Pizza has a 52 week low of $332.13 and a 52 week high of $542.75. The business has a 50 day moving average price of $421.61 and a two-hundred day moving average price of $469.81. The company has a market cap of $14.26 billion, a PE ratio of 26.68, a P/E/G ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate 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 business 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 business earned $3.08 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. Domino’s Pizza’s payout ratio is currently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Domino’s Pizza by 190.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,727 shares of the restaurant operator’s stock worth $1,949,000 after buying an additional 3,102 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Domino’s Pizza by 2.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 169,073 shares of the restaurant operator’s stock worth $69,697,000 after purchasing an additional 4,351 shares during the period. Prudential PLC increased its position in Domino’s Pizza by 169.3% during the 4th quarter. Prudential PLC now owns 3,781 shares of the restaurant operator’s stock worth $1,559,000 after purchasing an additional 2,377 shares in the last quarter. Seven Eight Capital LP increased its position in Domino’s Pizza by 59.3% during the 4th quarter. Seven Eight Capital LP now owns 1,599 shares of the restaurant operator’s stock worth $659,000 after purchasing an additional 595 shares in the last quarter. Finally, Strategic Global Advisors LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $510,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.