Domino’s Pizza (NYSE:DPZ) Price Target Cut to $440.00

Domino’s Pizza (NYSE:DPZGet Rating) had its price objective lowered by equities researchers at Royal Bank of Canada from $480.00 to $440.00 in a research note issued on Friday, The Fly reports. Royal Bank of Canada’s price target suggests a potential upside of 27.54% from the company’s previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley dropped their price target on Domino’s Pizza from $460.00 to $433.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 14th. Robert W. Baird lowered their target price on Domino’s Pizza from $480.00 to $390.00 in a research report on Friday. UBS Group lowered their target price on Domino’s Pizza from $475.00 to $430.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Domino’s Pizza from $440.00 to $380.00 in a research report on Friday. Finally, Oppenheimer lowered their target price on Domino’s Pizza from $510.00 to $435.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $445.81.

DPZ traded down $8.88 during trading on Friday, hitting $345.00. The company’s stock had a trading volume of 4,615 shares, compared to its average volume of 526,842. Domino’s Pizza has a twelve month low of $335.63 and a twelve month high of $567.57. The stock’s fifty day moving average price is $398.80 and its 200-day moving average price is $460.86. The firm has a market capitalization of $12.43 billion, a P/E ratio of 25.46, a PEG ratio of 2.22 and a beta of 0.62.

Domino’s Pizza (NYSE:DPZGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The restaurant operator reported $2.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.15 by ($0.65). Domino’s Pizza had a net margin of 11.72% and a negative return on equity of 13.05%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $3.00 earnings per share. Domino’s Pizza’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza will post 14.11 earnings per share for the current fiscal year.

In other news, 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 transaction of $54,389.00. Following the completion of the transaction, the executive vice president now owns 3,362 shares in the company, valued at approximately $1,334,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Domino’s Pizza by 6.5% during the 4th quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator’s stock valued at $1,997,609,000 after buying an additional 215,128 shares in the last quarter. State Street Corp raised its holdings in shares of Domino’s Pizza by 3.6% during the 4th quarter. State Street Corp now owns 1,637,123 shares of the restaurant operator’s stock valued at $923,878,000 after buying an additional 57,445 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Domino’s Pizza by 8.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,327,507 shares of the restaurant operator’s stock valued at $633,168,000 after buying an additional 99,482 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Domino’s Pizza by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,141,745 shares of the restaurant operator’s stock valued at $640,466,000 after buying an additional 25,669 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Domino’s Pizza by 4.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,053,650 shares of the restaurant operator’s stock valued at $594,606,000 after buying an additional 48,963 shares in the last quarter. 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.

Featured Stories

The Fly logo

Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.