Robert W. Baird Has Lowered Expectations for Domino’s Pizza (NASDAQ:DPZ) Stock Price

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

Several other research analysts also recently issued reports on DPZ. 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. Citigroup upped their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Stephens reissued an “equal weight” rating and issued a $420.00 price target on shares of Domino’s Pizza in a report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Trading Up 0.7 %

NASDAQ:DPZ opened at $482.28 on Tuesday. The stock has a market capitalization of $16.65 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The firm has a 50 day moving average of $443.65 and a 200-day moving average of $435.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.48 EPS. As a group, analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm 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 boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is 37.10%.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc boosted its holdings in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. FMR LLC lifted its position in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Geode Capital Management LLC increased its holdings in Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares during the period. 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.