Citigroup Trims Domino’s Pizza (NYSE:DPZ) Target Price to $440.00

by · The Cerbat Gem

Domino’s Pizza (NYSE:DPZ – Free Report) had its price target cut by Citigroup from $450.00 to $440.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered 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. Piper Sandler lowered 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 research report on Monday, October 7th. Benchmark decreased their target price on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a research report on Monday, July 22nd. Wedbush restated an outperform rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Friday. Finally, Bank of America decreased their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a buy rating for the company in a research report on Friday. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $489.55.

View Our Latest Stock Analysis on DPZ

Domino’s Pizza Stock Performance

DPZ opened at $429.67 on Friday. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75. The company has a 50-day moving average of $421.63 and a 200-day moving average of $469.31. The company has a market capitalization of $14.99 billion, a P/E ratio of 28.05, a PEG ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ – Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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 earned $4.18 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently made changes to their positions in the company. Quarry LP increased its stake in Domino’s Pizza by 130.2% in the 4th quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 112 shares during the period. American Trust acquired a new position in Domino’s Pizza in the 4th quarter valued at approximately $257,000. Goldman Sachs Group Inc. increased its stake in Domino’s Pizza by 13.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 303,916 shares of the restaurant operator’s stock valued at $125,283,000 after buying an additional 35,179 shares during the period. Royal London Asset Management Ltd. increased its stake in Domino’s Pizza by 0.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 13,442 shares of the restaurant operator’s stock valued at $5,541,000 after buying an additional 125 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new position in Domino’s Pizza in the 4th quarter valued at approximately $556,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

(Get Free Report)

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.

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