Barclays Trims Domino’s Pizza (NYSE:DPZ) Target Price to $355.00

Domino’s Pizza (NYSE:DPZ – Get Rating) had its target price dropped by analysts at Barclays from $410.00 to $355.00 in a research report issued to clients and investors on Monday, The Fly reports. Barclays‘s target price indicates a potential downside of 6.29% from the stock’s current price.

DPZ has been the subject of a number of other research reports. MKM Partners decreased their target price on Domino’s Pizza from $490.00 to $440.00 and set a “neutral” rating for the company in a report on Wednesday, April 20th. Citigroup upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and upped their price target for the stock from $480.00 to $487.00 in a report on Monday, April 11th. BMO Capital Markets decreased their price target on Domino’s Pizza from $480.00 to $450.00 and set a “market perform” rating for the company in a report on Wednesday, March 2nd. Loop Capital cut Domino’s Pizza from a “buy” rating to a “hold” rating and set a $413.00 price target for the company. in a report on Wednesday, March 9th. Finally, Guggenheim decreased their price target on Domino’s Pizza from $480.00 to $445.00 and set a “neutral” rating for the company in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus price target of $468.62.

Shares of NYSE:DPZ opened at $378.83 on Monday. Domino’s Pizza has a 1 year low of $376.81 and a 1 year high of $567.57. The stock has a market capitalization of $13.65 billion, a P/E ratio of 27.96, a PEG ratio of 2.22 and a beta of 0.62. The stock has a 50-day simple moving average of $403.93 and a 200-day simple moving average of $463.85.

Domino’s Pizza (NYSE:DPZ – Get Rating) last issued its earnings results on Tuesday, March 1st. The restaurant operator reported $4.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($0.05). Domino’s Pizza had a negative return on equity of 13.05% and a net margin of 11.72%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $3.46 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts expect that Domino’s Pizza will post 14.11 EPS for the current year.

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 149 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $423.89, for a total value of $63,159.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Cynthia A. Headen sold 137 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the sale, the executive vice president now directly owns 3,362 shares in the company, valued at $1,334,714. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth $251,368,000. Allspring Global Investments Holdings LLC acquired a new stake in Domino’s Pizza in the fourth quarter worth $128,043,000. BlackRock Inc. grew its stake in shares of Domino’s Pizza by 6.5% in the fourth quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator’s stock worth $1,997,609,000 after purchasing an additional 215,128 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $65,268,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $64,220,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile (Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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