Domino’s Pizza (NYSE:DPZ) Price Target Cut to $460.00 by Analysts at Guggenheim

Domino’s Pizza (NYSE:DPZ) had its price objective reduced by research analysts at Guggenheim from $485.00 to $460.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s price target would suggest a potential upside of 6.90% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen reduced their price target on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Wedbush restated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 15th. Royal Bank of Canada cut 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 report on Wednesday, July 24th. Finally, Stephens lowered their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $506.28.

Domino’s Pizza Stock Performance

NYSE DPZ traded up $4.37 during trading hours on Thursday, reaching $430.29. The stock had a trading volume of 78,054 shares, compared to its average volume of 599,644. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75. The stock has a fifty day moving average of $421.56 and a 200 day moving average of $472.07. The stock has a market cap of $15.05 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

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, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $3.08 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Domino’s Pizza will post 16.24 EPS for the current year.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors have recently bought and sold shares of DPZ. Steward Partners Investment Advisory LLC lifted its stake in shares of Domino’s Pizza by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after purchasing an additional 39 shares during the last quarter. Bayesian Capital Management LP boosted its position in shares of Domino’s Pizza by 701.3% during the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the period. Bessemer Group Inc. increased its holdings in Domino’s Pizza by 34.9% in the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after purchasing an additional 44,688 shares in the last quarter. 94.63% of the stock is 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.