Domino’s Pizza (NYSE:DPZ) Hits New 52-Week Low After Analysts Downgrade

Domino’s Pizza, Inc. (NYSE: DPZ – Get a rating) hit a new 52-week low in Friday trading after Guggenheim lowered its price target on the stock from $445.00 to $370.00. The company traded as low as $335.30 and last traded at $341.79, with volume at 600,988 shares. The stock previously closed at $341.69.

Other analysts have also published research reports on the stock. Oppenheimer lowered his price target on Domino’s Pizza shares from $510.00 to $435.00 in a Friday, April 29 research note. Royal Bank of Canada lowered its price target on Domino’s Pizza shares from $480.00 to $440.00 in a Friday, April 29 research note. Bank of America lowered its price target on Domino’s Pizza shares from $642.00 to $550.00 and set a “buy” rating for the company in a Wednesday, March 2 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Domino’s Pizza shares from $440.00 to $380.00 in a Friday, April 29 research note. Finally, Stephens downgraded Domino’s Pizza shares from an “underweight” rating to an “equal weight” rating and lowered his target price for the company from $500.00 to $425.00 in a note. research on Wednesday, March 2. One research analyst rated the stock with a sell rating, twenty-two issued a hold rating and seven assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $440.04.

In a similar vein, Executive Vice President Cynthia A. Headen sold 137 shares of Domino’s Pizza in a trade dated Monday, April 4. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the transaction, the executive vice president now directly owns 3,362 shares of the company, valued at $1,334,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, Executive Vice President Cynthia A. Headen sold 149 shares of Domino’s Pizza in a trade dated Wednesday, Feb. 23. The shares were sold at an average price of $423.89, for a total value of $63,159.61. Disclosure of this sale can be found here. 1.12% of the shares are currently held by insiders.

Institutional investors have recently been buying and selling shares of the company. BlackRock Inc. increased its position in Domino’s Pizza shares by 6.5% in the fourth quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant owner valued at $1,997,609,000 after purchasing an additional 215,128 shares during the period. State Street Corp increased its stake in Domino’s Pizza by 3.6% in the fourth quarter. State Street Corp now owns 1,637,123 shares of the restaurateur valued at $923,878,000 after acquiring an additional 57,445 shares last quarter. Renaissance Technologies LLC increased its stake in Domino’s Pizza by 8.1% in the third quarter. Renaissance Technologies LLC now owns 1,327,507 shares of the restaurateur valued at $633,168,000 after acquiring 99,482 additional shares last quarter. Principal Financial Group Inc. increased its stake in Domino’s Pizza by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,141,745 shares of the restaurateur valued at $640,466,000 after acquiring 25,669 additional shares last quarter. Finally, Alliancebernstein LP increased its stake in Domino’s Pizza by 4.9% in the 4th quarter. Alliancebernstein LP now owns 1,053,650 shares of the restaurateur valued at $594,606,000 after acquiring 48,963 additional shares last quarter. Institutional investors hold 92.84% of the company’s shares.

The company has a market capitalization of $12.32 billion, a P/E ratio of 26.18, a PEG ratio of 2.31 and a beta of 0.71. The company has a 50-day moving average price of $391.21 and a 200-day moving average price of $456.55.

Domino’s Pizza (NYSE:DPZ- Get a rating) last released its quarterly earnings data on Thursday, April 28. The restaurateur reported EPS of $2.50 for the quarter, missing analyst consensus estimates of $3.15 per ($0.65). The company posted revenue of $1.01 billion in the quarter, versus analyst estimates of $1.03 billion. Domino’s Pizza achieved a net margin of 11.03% and a negative return on equity of 11.66%. The company’s quarterly revenue increased by 2.8% compared to the same quarter last year. During the same period of the previous year, the company had earned earnings per share of $3.00. On average, stock research analysts expect Domino’s Pizza, Inc. to post 12.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $1.10. The ex-date of this dividend is Tuesday, June 14. This represents an annualized dividend of $4.40 and a yield of 1.29%. Domino’s Pizza’s dividend payout ratio is currently 33.72%.

Domino’s Pizza Company Profile (NYSE:DPZ)

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: US Stores, International Franchise and Supply Chain. The company offers pizza under the Domino’s brand in company-owned and franchised stores.

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