JPMorgan Chase & Co. Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $400.00

Domino’s Pizza (NYSE:DPZGet Rating) had its target price lowered by JPMorgan Chase & Co. from $430.00 to $400.00 in a report issued on Friday morning, The Fly reports.

Several other equities analysts have also weighed in on DPZ. Guggenheim dropped their price objective on shares of Domino’s Pizza from $480.00 to $445.00 and set a neutral rating on the stock in a research report on Thursday, March 3rd. Wedbush dropped their price objective on shares of Domino’s Pizza from $475.00 to $440.00 and set an outperform rating on the stock in a research report on Friday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $485.00 to $425.00 in a research report on Tuesday, March 1st. BMO Capital Markets lowered their price target on shares of Domino’s Pizza from $480.00 to $450.00 and set a market perform rating on the stock in a research report on Wednesday, March 2nd. Finally, MKM Partners lowered their price target on shares of Domino’s Pizza from $490.00 to $440.00 and set a neutral rating on the stock in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Domino’s Pizza presently has an average rating of Hold and a consensus target price of $442.81.

DPZ stock traded down $15.88 during trading hours on Friday, reaching $338.00. The stock had a trading volume of 877,227 shares, compared to its average volume of 481,351. The stock has a market capitalization of $12.18 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.15 and a beta of 0.62. The stock has a 50-day simple moving average of $396.84 and a 200 day simple moving average of $459.87. Domino’s Pizza has a fifty-two week low of $335.63 and a fifty-two week high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The restaurant operator reported $2.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.15 by ($0.65). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Domino’s Pizza had a net margin of 11.72% and a negative return on equity of 13.05%. Domino’s Pizza’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza will post 14.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.30%. Domino’s Pizza’s payout ratio is currently 33.72%.

In related news, EVP Cynthia A. Headen sold 137 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $397.00, for a total transaction of $54,389.00. Following the sale, the executive vice president now directly owns 3,362 shares in the company, valued at approximately $1,334,714. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 149 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $423.89, for a total transaction of $63,159.61. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in Domino’s Pizza by 512.5% during the 4th quarter. Allworth Financial LP now owns 49 shares of the restaurant operator’s stock worth $28,000 after buying an additional 41 shares during the period. Bellwether Advisors LLC boosted its position in Domino’s Pizza by 1,016.7% during the 4th quarter. Bellwether Advisors LLC now owns 67 shares of the restaurant operator’s stock worth $37,000 after buying an additional 61 shares during the period. CI Investments Inc. acquired a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $39,000. Vigilant Capital Management LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $47,000. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Domino’s Pizza Company Profile (Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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