Robert W. Baird Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $510.00

Domino’s Pizza (NASDAQ:DPZ) had its price target trimmed by Robert W. Baird from $545.00 to $510.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley cut their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday, February 20th. Citigroup lifted their target price 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. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Barclays reduced their price objective on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

DPZ stock opened at $482.28 on Tuesday. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market capitalization of $16.65 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 0.90. The company’s 50 day simple moving average is $443.65 and its 200-day simple moving average is $435.98.

Domino’s Pizza (NASDAQ:DPZ) 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). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.48 earnings per share. Sell-side analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. 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 (DPR) is presently 37.10%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DPZ. Sherman Asset Management Inc. acquired a new stake in Domino’s Pizza during the fourth quarter worth $25,000. True Wealth Design LLC lifted its holdings in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Domino’s Pizza by 40.0% in 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 in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

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.