Rothschild & Co Redburn Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $290.00

Domino’s Pizza (NASDAQ:DPZ) had its price target decreased by Rothschild & Co Redburn from $340.00 to $290.00 in a research report report published on Monday,MarketScreener reports.

Other equities research analysts have also issued reports about the stock. Northcoast Research cut their price objective on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Piper Sandler cut their price objective on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. UBS Group cut their price objective on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. BMO Capital Markets cut their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Finally, Sanford C. Bernstein cut their target price on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $419.74.

Domino’s Pizza Trading Down 0.5%

NASDAQ DPZ opened at $308.48 on Monday. Domino’s Pizza has a 12 month low of $306.00 and a 12 month high of $499.08. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.44 and a beta of 1.02. The company’s 50 day moving average is $366.12 and its two-hundred day moving average is $393.91.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion for the quarter. During the same quarter last year, the firm posted $4.33 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Domino’s Pizza will post 19.15 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,107,763.12. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc boosted its position in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after buying an additional 348,077 shares during the last quarter. Marshfield Associates lifted its holdings in Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the period. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares during the period. Mediolanum International Funds Ltd lifted its holdings in Domino’s Pizza by 209.6% in the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after acquiring an additional 2,813 shares during the period. Finally, Machina Capital S.A.S. acquired a new position in Domino’s Pizza in the third quarter valued at approximately $1,557,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.