Domino’s Pizza (NYSE:DPZ) PT Lowered to $490.00

by · The Cerbat Gem

Domino’s Pizza (NYSE:DPZ – Get Free Report) had its price target reduced by equities research analysts at Royal Bank of Canada from $500.00 to $490.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s target price points to a potential upside of 14.04% from the stock’s previous close.

DPZ has been the topic of several other research reports. Wedbush lowered their price objective on Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. TD Cowen lowered their price objective on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Guggenheim lowered their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

Read Our Latest Research Report on DPZ

Domino’s Pizza Stock Up 5.1 %

Shares of NYSE DPZ opened at $429.67 on Friday. The business’s 50 day moving average price is $421.63 and its 200 day moving average price is $469.47. The firm has a market cap of $15.03 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 52 week low of $332.13 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ – Get Free Report) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $4.18 earnings per share. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current year.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Marshfield Associates increased its stake in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after acquiring an additional 2,271 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Domino’s Pizza by 27.8% in 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 shares of 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 acquiring an additional 230,090 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Domino’s Pizza by 4.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock worth $205,666,000 after acquiring an additional 18,030 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino’s Pizza

(Get Free Report)

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.

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