Domino’s Pizza (NYSE:DPZ) PT Lowered to $535.00

Domino’s Pizza (NYSE:DPZ) had its target price decreased by equities researchers at Robert W. Baird from $580.00 to $535.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target would suggest a potential upside of 32.91% from the company’s current price.

A number of other equities analysts have also weighed in on DPZ. Wedbush reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research note on Monday, July 15th. The Goldman Sachs Group initiated coverage on Domino’s Pizza in a research note on Thursday, June 13th. They issued a “buy” rating and a $612.00 price objective for the company. TD Securities reaffirmed a “buy” rating and issued a $580.00 price objective on shares of Domino’s Pizza in a research note on Thursday, May 16th. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th. Finally, Barclays dropped their price objective on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $512.04.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $402.52 on Thursday. The stock has a 50-day simple moving average of $432.29 and a two-hundred day simple moving average of $473.63. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75. The firm has a market capitalization of $14.04 billion, a PE ratio of 26.27, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results 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 negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. Domino’s Pizza’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares in the last quarter. Czech National Bank boosted its position in Domino’s Pizza by 0.4% during the first 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 position in shares of Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 27 shares in the last quarter. Insight Folios Inc lifted its position in shares of Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its position in shares of Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.