Domino’s Pizza (NYSE:DPZ) Downgraded to “C+” at TheStreet

Domino’s Pizza (NYSE:DPZ – Get Rating) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other brokerages have also issued reports on DPZ. Wedbush cut their price target on Domino’s Pizza from $475.00 to $440.00 and set an “outperform” rating on the stock in a research note on Friday, April 22nd. Royal Bank of Canada cut their price target on Domino’s Pizza from $480.00 to $440.00 in a research note on Friday, April 29th. JPMorgan Chase & Co. cut their target price on Domino’s Pizza from $430.00 to $400.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Domino’s Pizza from $440.00 to $380.00 in a research note on Friday, April 29th. Finally, Bank of America cut their target price on Domino’s Pizza from $642.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $440.04.

Shares of DPZ opened at $333.60 on Friday. Domino’s Pizza has a 12-month low of $331.47 and a 12-month high of $567.57. The firm has a market capitalization of $12.02 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.30 and a beta of 0.71. The stock’s fifty day simple moving average is $387.43 and its 200-day simple moving average is $454.66.

Domino’s Pizza (NYSE:DPZ – Get 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 consensus estimate of $3.07 by ($0.57). Domino’s Pizza had a net margin of 11.03% and a negative return on equity of 11.66%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $3.00 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza will post 12.75 EPS for the current fiscal year.

In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 149 shares of the company’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $423.89, for a total transaction of $63,159.61. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Domino’s Pizza by 6.5% during the fourth quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator’s stock valued at $1,997,609,000 after acquiring an additional 215,128 shares during the last quarter. State Street Corp boosted its position in Domino’s Pizza by 3.6% during the fourth quarter. State Street Corp now owns 1,637,123 shares of the restaurant operator’s stock valued at $923,878,000 after acquiring an additional 57,445 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Domino’s Pizza by 16.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,340 shares of the restaurant operator’s stock worth $542,276,000 after purchasing an additional 190,595 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 worth $633,168,000 after purchasing an additional 99,482 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position 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 worth $594,606,000 after purchasing an additional 48,963 shares in the last quarter. 92.84% of the stock is currently owned by institutional investors and hedge funds.

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