Domino’s Pizza (NYSE:DPZ) Price Target Cut to $535.00

Domino’s Pizza (NYSE:DPZ) had its target price reduced by analysts at Robert W. Baird from $580.00 to $535.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target points to a potential upside of 31.14% from the company’s current price.

A number of other research firms have also recently issued reports on DPZ. BMO Capital Markets lowered their price objective on shares of Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays lowered their price objective on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research report on Friday, July 19th. TD Cowen reiterated a “buy” rating and set a $610.00 price objective on shares of Domino’s Pizza in a research report on Thursday, July 18th. Loop Capital lowered their price objective 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. Finally, Stephens reduced their target price on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $512.04.

Domino’s Pizza Trading Down 2.1 %

Shares of NYSE:DPZ opened at $407.97 on Thursday. The firm has a 50 day moving average of $435.95 and a 200-day moving average of $474.50. The stock has a market capitalization of $14.23 billion, a PE ratio of 26.63, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gilbert & Cook Inc. raised its holdings in Domino’s Pizza by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock worth $613,000 after buying an additional 101 shares during the last quarter. Principal Securities Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $402,000. Cary Street Partners Investment Advisory LLC raised its holdings in Domino’s Pizza by 321.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 598 shares of the restaurant operator’s stock worth $246,000 after buying an additional 456 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Domino’s Pizza by 9.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock worth $397,000 after buying an additional 81 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Domino’s Pizza by 9.7% during the fourth quarter. Ieq Capital LLC now owns 612 shares of the restaurant operator’s stock worth $252,000 after buying an additional 54 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

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.