Domino’s Pizza (NYSE:DPZ) Given New $520.00 Price Target at Morgan Stanley

Domino’s Pizza (NYSE:DPZ) had its target price raised by Morgan Stanley from $515.00 to $520.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other analysts have also issued reports about the company. Wedbush restated an outperform rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 15th. Barclays cut their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an underweight rating for the company in a research note on Friday, July 19th. Oppenheimer lowered their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an outperform rating on the stock in a research note on Friday, September 6th. Loop Capital reiterated a hold rating and issued a $419.00 target price on shares of Domino’s Pizza in a research report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a buy rating on the stock in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $506.45.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $423.20 on Wednesday. The stock has a 50-day moving average of $422.94 and a two-hundred day moving average of $471.45. The stock has a market cap of $14.76 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.21 and a beta of 0.86. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $3.08 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.51 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.43%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares in the last quarter. Czech National Bank increased its position in Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after buying an additional 27 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares during the last quarter. Insight Folios Inc boosted its stake in shares of Domino’s Pizza by 3.4% during the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after acquiring an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC increased its holdings in shares of Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.