Domino’s Pizza (NYSE:DPZ) Price Target Raised to $425.00 at Morgan Stanley

Domino’s Pizza (NYSE:DPZ) had its price objective upped by Morgan Stanley from $422.00 to $425.00 in a research note issued to investors on Monday, Analyst Price Targets reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

Several other brokerages have also issued reports on DPZ. Evercore ISI started coverage on Domino’s Pizza in a report on Thursday, December 17th. They issued an outperform rating on the stock. Wedbush cut their price target on Domino’s Pizza from $500.00 to $475.00 and set an outperform rating on the stock in a report on Thursday, March 4th. Credit Suisse Group cut their price target on Domino’s Pizza from $445.00 to $425.00 and set an outperform rating on the stock in a report on Thursday, March 4th. JPMorgan Chase & Co. increased their price target on Domino’s Pizza from $400.00 to $420.00 and gave the stock an overweight rating in a report on Monday. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut their price target on Domino’s Pizza from $449.00 to $428.00 and set an outperform rating on the stock in a report on Thursday, March 4th. Ten investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $421.03.

NYSE DPZ opened at $392.99 on Monday. The business has a 50 day simple moving average of $363.60 and a 200 day simple moving average of $382.36. Domino’s Pizza has a one year low of $319.71 and a one year high of $435.58. The stock has a market capitalization of $15.25 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.14 and a beta of 0.38.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, February 25th. The restaurant operator reported $3.46 EPS for the quarter, missing the consensus estimate of $3.79 by ($0.33). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Domino’s Pizza had a negative return on equity of 14.11% and a net margin of 11.98%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.13 EPS. As a group, sell-side analysts predict that Domino’s Pizza will post 12.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Monday, March 15th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, March 12th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.29%.

Large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its position in Domino’s Pizza by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,045,924 shares of the restaurant operator’s stock worth $401,070,000 after buying an additional 79,770 shares during the last quarter. National Asset Management Inc. increased its position in Domino’s Pizza by 906.8% in the fourth quarter. National Asset Management Inc. now owns 9,716 shares of the restaurant operator’s stock worth $3,726,000 after buying an additional 8,751 shares during the last quarter. Colony Group LLC purchased a new stake in Domino’s Pizza in the fourth quarter worth $239,000. Centennial Wealth Advisory LLC purchased a new stake in Domino’s Pizza in the fourth quarter worth $1,329,000. Finally, Louisiana State Employees Retirement System increased its position in Domino’s Pizza by 20.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 2,400 shares of the restaurant operator’s stock worth $920,000 after buying an additional 400 shares during the last quarter. 88.81% of the stock is 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. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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

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