BTIG Research Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $425.00

by · The Cerbat Gem

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) had its price objective lowered by equities researchers at BTIG Research from $450.00 to $425.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price target indicates a potential upside of 44.01% from the company’s current price.

Several other research firms also recently commented on DPZ. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Argus upgraded Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group dropped their price target on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Jefferies Financial Group cut their price target on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Finally, Loop Capital decreased their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $415.71.

View Our Latest Stock Report on DPZ

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $295.11 on Tuesday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.45 and a beta of 0.98. Domino’s Pizza has a 52 week low of $294.28 and a 52 week high of $496.00. The firm’s 50-day simple moving average is $327.76 and its two-hundred day simple moving average is $374.88.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion for the quarter. During the same period in the prior year, the company earned $4.33 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts forecast that Domino’s Pizza will post 19.07 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 1,463 shares of company stock valued at $466,807 in the last three months. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the period. Marshfield Associates lifted its position in shares of Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after purchasing an additional 28,765 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Domino’s Pizza by 55.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after purchasing an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. boosted its stake in shares of Domino’s Pizza by 59.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after buying an additional 6,223 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

(Get Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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