Loop Capital Cuts Domino's Pizza (NASDAQ:DPZ) Price Target to $555.00

Domino's Pizza (NASDAQ:DPZ - Free Report) had its target price lowered by Loop Capital from $559.00 to $555.00 in a report published on Tuesday morning,Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator's stock.

A number of other research analysts have also weighed in on DPZ. Argus cut Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday. Barclays upped their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research note on Tuesday. Citigroup raised their price objective on shares of Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Thursday, February 20th. Finally, TD Cowen reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $503.41.

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Domino's Pizza Stock Performance

Domino's Pizza stock traded up $7.43 during trading hours on Tuesday, reaching $489.71. 634,243 shares of the stock were exchanged, compared to its average volume of 616,201. The stock has a market cap of $16.91 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90. The firm's 50 day moving average is $444.92 and its 200 day moving average is $436.29. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $4.48 EPS. Domino's Pizza's revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts expect that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is currently 37.10%.

Institutional Investors Weigh In On Domino's Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in DPZ. Sherman Asset Management Inc. acquired a new position in shares of Domino's Pizza during the 4th quarter valued at about $25,000. True Wealth Design LLC grew its holdings in Domino's Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. increased its position in Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd increased its position in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares during the period. 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.