Domino’s Pizza (NYSE:DPZ) Price Target Cut to $490.00

Domino’s Pizza (NYSE:DPZ) had its price target reduced by equities researchers at Oppenheimer from $510.00 to $490.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price would indicate a potential upside of 19.95% from the company’s current price.

DPZ has been the topic of a number of other research reports. Loop Capital reduced their target price on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Benchmark reduced their target price on 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 note on Monday, July 8th. Royal Bank of Canada cut their price target on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Securities restated a “buy” rating and set a $580.00 price target on shares of Domino’s Pizza in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $514.18.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $408.49 on Friday. The stock’s fifty day moving average is $440.95 and its 200 day moving average is $474.77. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The firm has a market capitalization of $14.25 billion, a PE ratio of 26.66, a PEG ratio of 2.17 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $3.08 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza will post 16.23 EPS for the current year.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $1,556,000. Cetera Investment Advisers grew its stake in shares of Domino’s Pizza by 29.7% during the second quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock worth $5,171,000 after acquiring an additional 2,294 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $6,423,000. Ted Buchan & Co purchased a new stake in Domino’s Pizza in the second quarter valued at approximately $207,000. Finally, Truist Financial Corp boosted its position in Domino’s Pizza by 6.4% in the second quarter. Truist Financial Corp now owns 16,813 shares of the restaurant operator’s stock valued at $8,681,000 after buying an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.