Citigroup Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $480.00

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by Citigroup from $500.00 to $480.00 in a report issued on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other reports. Melius started coverage on shares of Domino’s Pizza in a research note on Monday, July 14th. They set a “hold” rating and a $500.00 target price on the stock. Benchmark raised their price target on shares of Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Loop Capital upped their price objective on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price objective on Domino’s Pizza from $465.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley raised their target price on Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $490.04.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $431.24 on Tuesday. The stock’s fifty day moving average is $449.38 and its two-hundred day moving average is $460.97. The firm has a market capitalization of $14.64 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12. Domino’s Pizza has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.03 EPS. As a group, sell-side analysts forecast that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 15th. Domino’s Pizza’s payout ratio is currently 40.42%.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. GAMMA Investing LLC increased its holdings in Domino’s Pizza by 9.9% during the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the restaurant operator’s stock worth $288,000 after purchasing an additional 60 shares during the period. Praxis Investment Management Inc. acquired a new position in shares of Domino’s Pizza during the third quarter worth about $592,000. Advisory Services Network LLC increased its stake in shares of Domino’s Pizza by 37.5% during the second quarter. Advisory Services Network LLC now owns 928 shares of the restaurant operator’s stock worth $430,000 after buying an additional 253 shares during the period. State of Wyoming acquired a new stake in Domino’s Pizza in the second quarter valued at approximately $93,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Domino’s Pizza in the second quarter valued at approximately $13,633,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.