BMO Capital Markets Trims Domino’s Pizza (NYSE:DPZ) Target Price to $510.00

Domino’s Pizza (NYSE:DPZ) had its target price cut by equities research analysts at BMO Capital Markets from $525.00 to $510.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective points to a potential upside of 22.37% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. TD Securities reiterated a “buy” rating and set a $580.00 price objective on shares of Domino’s Pizza in a research note on Thursday, May 16th. Loop Capital dropped their target price on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Oppenheimer reduced their price target on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, September 6th. Finally, Royal Bank of Canada decreased their price target on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $513.64.

Domino’s Pizza Trading Down 0.8 %

Shares of NYSE DPZ opened at $416.77 on Wednesday. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The stock has a fifty day moving average price of $437.73 and a 200 day moving average price of $474.97. The company has a market cap of $14.54 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $3.08 earnings per share. Domino’s Pizza’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza will post 16.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 26 shares in the last quarter. Czech National Bank raised its holdings in shares of Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 27 shares during the last quarter. Insight Folios Inc grew its position in Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after buying an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC raised its position in shares of Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 28 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

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.