Domino’s Pizza (NYSE:DPZ) Price Target Cut to $510.00

Domino’s Pizza (NYSE:DPZ) had its price target lowered by investment analysts at BMO Capital Markets from $525.00 to $510.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would indicate a potential upside of 25.72% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Barclays reduced their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a research note on Friday, July 19th. Royal Bank of Canada lowered their price objective on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird upgraded Domino’s Pizza from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $530.00 to $580.00 in a research report on Monday, July 8th. Oppenheimer lowered their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $512.04.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $405.66 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 market capitalization of $14.15 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The business has a 50 day simple moving average of $434.12 and a 200-day simple moving average of $474.03.

Domino’s Pizza (NYSE:DPZ) last posted 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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.08 earnings per share. On average, equities research analysts anticipate 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 made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the first quarter valued at $36,000. Versant Capital Management Inc grew its holdings in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $62,000. 94.63% 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. 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.