Royal Bank Of Canada Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $325.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by Royal Bank Of Canada from $350.00 to $325.00 in a report published on Monday,Benzinga reports. The brokerage currently has a sector perform rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. BMO Capital Markets decreased their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Loop Capital reaffirmed a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a report on Monday, August 10th. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $392.58.

Domino’s Pizza Stock Performance

DPZ opened at $303.10 on Monday. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $442.35. The firm has a market cap of $10.03 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The business’s fifty day moving average is $328.19 and its 200-day moving average is $329.17.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $3.81 earnings per share. On average, research analysts predict that Domino’s Pizza will post 18.95 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Insider Buying and Selling at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SHP Wealth Management bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in Domino’s Pizza in the second quarter worth approximately $28,000. Investors Research Corp increased its holdings in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the first quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its stake in Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 81 shares during the period. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.