BMO Capital Markets Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $500.00

Domino’s Pizza (NYSE:DPZ) had its price target dropped by equities research analysts at BMO Capital Markets from $510.00 to $500.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential upside of 16.37% from the company’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of 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. Morgan Stanley decreased their target price on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Piper Sandler decreased their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $430.00 price objective on shares of Domino’s Pizza in a report on Thursday. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $489.55.

Domino’s Pizza Trading Up 5.1 %

Shares of DPZ opened at $429.67 on Friday. The stock has a 50 day moving average of $421.63 and a 200 day moving average of $469.47. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.18 EPS. As a group, equities research analysts predict that Domino’s Pizza will post 16.24 earnings per share for the current year.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in 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 buying an additional 222,949 shares during the period. Marshfield Associates boosted its holdings in Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after acquiring an additional 2,271 shares during the period. TD Asset Management Inc grew its position in Domino’s Pizza by 27.8% during the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after acquiring an additional 138,224 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Domino’s Pizza by 107.2% in the 1st 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. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Domino’s Pizza by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after purchasing an additional 18,030 shares during the last quarter. 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.