Domino’s Pizza (NYSE:DPZ) Price Target Cut to $460.00

Domino’s Pizza (NYSE:DPZ) had its target price cut by investment analysts at Guggenheim from $485.00 to $460.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s target price would suggest a potential upside of 7.26% from the company’s previous close.

Several other equities research analysts have also weighed in on DPZ. Benchmark dropped their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Stephens reduced their price objective on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Robert W. Baird cut their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, Royal Bank of Canada reduced their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $506.28.

Domino’s Pizza Stock Down 0.8 %

NYSE:DPZ opened at $428.85 on Thursday. The company has a market cap of $14.96 billion, a PE ratio of 27.99, a P/E/G ratio of 2.21 and a beta of 0.86. The business’s 50 day moving average is $422.52 and its two-hundred day moving average is $471.69. Domino’s Pizza has a 52 week low of $330.05 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion during 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 firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.08 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Coatue Management LLC bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $322,859,000. Price T Rowe Associates Inc. MD raised its position in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after purchasing an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $72,296,000. 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.