JPMorgan Chase & Co. Trims Domino’s Pizza (NYSE:DPZ) Target Price to $450.00

by · The Cerbat Gem

Domino’s Pizza (NYSE:DPZ – Get Free Report) had its target price cut by JPMorgan Chase & Co. from $470.00 to $450.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.73% from the company’s current price.

DPZ has been the subject of several other reports. TD Cowen dropped their price objective on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a report on Monday, September 16th. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Wedbush dropped their price objective on Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Morgan Stanley dropped their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday. Finally, Bank of America boosted their target price on Domino’s Pizza from $577.00 to $582.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $489.55.

View Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Stock Up 5.1 %

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

Domino’s Pizza (NYSE:DPZ – Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during 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 company’s quarterly revenue 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, sell-side analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the company. Bayesian Capital Management LP lifted its stake in Domino’s Pizza by 701.3% in the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after acquiring an additional 4,201 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Domino’s Pizza by 34.9% during the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Domino’s Pizza by 107.2% during 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Domino’s Pizza by 866.4% during the 2nd 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. Finally, Russell Investments Group Ltd. raised its stake in shares of Domino’s Pizza by 18.7% during the 1st quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after purchasing an additional 8,744 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

(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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