Morgan Stanley Raises Domino’s Pizza (NYSE:DPZ) Price Target to $520.00

Domino’s Pizza (NYSE:DPZFree Report) had its target price boosted by Morgan Stanley from $515.00 to $520.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on DPZ. Barclays lowered their price target on shares of Domino’s Pizza from $470.00 to $380.00 and set an underweight rating for the company in a report on Friday, July 19th. Wedbush reissued an outperform rating and set a $575.00 price target on shares of Domino’s Pizza in a research report on Monday, July 15th. Benchmark reduced their price objective on Domino’s Pizza from $575.00 to $520.00 and set a buy rating on the stock in a research note on Monday, July 22nd. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. Finally, TD Cowen reduced their price target on shares of Domino’s Pizza from $520.00 to $475.00 and set a buy rating on the stock in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino’s Pizza currently has an average rating of Moderate Buy and an average target price of $507.00.

View Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Stock Up 1.1 %

Shares of DPZ stock opened at $425.31 on Wednesday. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The firm’s 50 day moving average price is $422.85 and its two-hundred day moving average price is $471.10. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZGet Free Report) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.08 EPS. On average, equities analysts forecast that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Coatue Management LLC acquired a new stake in Domino’s Pizza in the 4th quarter valued at about $322,859,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $72,296,000. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

(Get Free Report)

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.

Further Reading

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

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