TD Cowen Cuts Domino’s Pizza (NYSE:DPZ) Price Target to $475.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by TD Cowen from $520.00 to $475.00 in a research report sent to investors on Monday, Benzinga reports. TD Cowen currently has a buy rating on the restaurant operator’s stock.

DPZ has been the subject of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating for the company in a research report on Friday, July 19th. Stephens decreased their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an equal weight rating for the company in a report on Friday, July 19th. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. Oppenheimer cut their target price on Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a research report on Friday, September 6th. Finally, The Goldman Sachs Group initiated coverage on Domino’s Pizza in a research report on Thursday, June 13th. They set a buy rating and a $612.00 price target for the company. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $507.93.

Domino’s Pizza Trading Up 0.7 %

Shares of DPZ stock opened at $411.71 on Monday. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The business’s fifty day simple moving average is $427.79 and its 200-day simple moving average is $473.04. The company has a market cap of $14.36 billion, a PE ratio of 26.73, a PEG ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $3.08 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.47%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently modified their holdings of the business. Gilbert & Cook Inc. lifted its position in shares of Domino’s Pizza by 7.3% during the 4th quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock valued at $613,000 after buying an additional 101 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Domino’s Pizza by 9.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 81 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Domino’s Pizza by 4.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,679 shares of the restaurant operator’s stock valued at $692,000 after purchasing an additional 77 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Domino’s Pizza by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,142 shares of the restaurant operator’s stock worth $1,296,000 after purchasing an additional 98 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.