Domino’s Pizza (NASDAQ:DPZ) Given New $445.00 Price Target at Northcoast Research

Domino’s Pizza (NASDAQ:DPZFree Report) had its price objective decreased by Northcoast Research from $525.00 to $445.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. Northcoast Research currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also issued reports on DPZ. Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a research note on Monday, January 5th. Gordon Haskett dropped their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler cut their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday. Barclays reduced their price target on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday. Finally, Morgan Stanley dropped their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus price target of $421.30.

Get Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ traded down $13.26 during trading on Tuesday, reaching $327.20. 433,809 shares of the stock traded hands, compared to its average volume of 948,312. The stock has a market capitalization of $11.00 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. Domino’s Pizza has a 52-week low of $327.10 and a 52-week high of $499.08. The company has a 50-day moving average of $379.29 and a 200-day moving average of $399.94.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter. During the same period in the prior year, the business posted $4.33 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Domino’s Pizza will post 19.72 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares during the last quarter. Principal Financial Group Inc. raised its position in Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares during the period. State Street Corp lifted its stake in Domino’s Pizza by 3.8% in the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Domino’s Pizza by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after buying an additional 19,019 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

About Domino’s Pizza

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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.

Further Reading

Analyst Recommendations for Domino's Pizza (NASDAQ:DPZ)

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