Domino’s Pizza (NASDAQ:DPZ) Stock Price Target Lowered at Robert W. Baird

by · The Markets Daily

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) had its price objective lowered by stock analysts at Robert W. Baird from $325.00 to $320.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 8.07% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Citigroup lowered their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Monday, October 5th. Guggenheim lowered their price target on Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, TD Cowen reiterated a “hold” rating and issued a $320.00 price objective on shares of Domino’s Pizza in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.16.

View Our Latest Research Report on DPZ

Domino’s Pizza Stock Performance

Shares of DPZ opened at $296.10 on Wednesday. The business’s fifty day moving average price is $324.06 and its two-hundred day moving average price is $327.49. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.42 and a beta of 0.94. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $442.35.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%. The firm had revenue of $1.19 billion during the quarter. During the same period in the prior year, the firm posted $4.08 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza will post 18.96 EPS for the current year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Berkshire Hathaway Inc lifted its stake in Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. Soroban Capital Partners LP bought a new position in shares of Domino’s Pizza during the 1st quarter worth approximately $895,251,000. BlackRock Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $715,704,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after acquiring an additional 7,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Key Headlines Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

  • Positive Sentiment: Domino’s reported third-quarter earnings of $4.60 per share, above estimates of roughly $4.33-$4.38 and up from $4.08 a year earlier. Revenue increased 3.4% to $1.19 billion, also exceeding expectations. Domino’s Q3 EPS report
  • Positive Sentiment: Operating income rose 8.3%, supported by supply-chain sales, franchise royalties and ongoing store expansion. Domino’s added 175 net stores globally, including 149 internationally, providing longer-term growth potential. Domino’s third-quarter financial results
  • Positive Sentiment: Management said customers are ordering more frequently, which partly offsets lower spending per order. The company also continues to return capital, including a quarterly dividend of $1.99 per share, or $7.96 annualized.
  • Neutral Sentiment: TD Cowen reaffirmed its “hold” rating with a $320 price target, implying potential upside from recent levels but signaling limited conviction in a near-term re-rating.
  • Negative Sentiment: U.S. same-store sales grew only 0.3%, while international same-store sales increased 0.2%. The weak comparable-sales performance suggests that the earnings beat was driven more by operational improvements than by strong underlying demand. Domino’s third-quarter sales report
  • Negative Sentiment: Domino’s forecast muted annual same-store sales growth as competition intensifies and cost-conscious consumers reduce spending. Reports also pointed to narrower store margins and a broader slowdown in pizza demand, raising concerns about the company’s growth outlook. Reuters report on Domino’s outlook

About Domino’s Pizza

(Get Free Report)

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

Further Reading