Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $490.00 by Analysts at Evercore ISI

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by Evercore ISI from $510.00 to $490.00 in a research report released on Thursday morning, Marketbeat reports. They currently have an outperform rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Royal Bank Of Canada lowered their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Piper Sandler reissued a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a research report on Monday, November 24th. Finally, Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $485.74.

Domino’s Pizza Price Performance

Shares of DPZ opened at $406.58 on Thursday. The company’s 50-day moving average is $416.61 and its 200-day moving average is $435.41. The firm has a market capitalization of $13.74 billion, a PE ratio of 23.76, a PEG ratio of 1.91 and a beta of 1.15. Domino’s Pizza has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.19 EPS. Analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in the company. RMG Wealth Management LLC bought a new stake in Domino’s Pizza during the second quarter worth $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth $29,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth $31,000. Atlantic Union Bankshares Corp bought a new stake in shares of Domino’s Pizza during the 2nd quarter worth $34,000. Finally, Johnson Financial Group Inc. boosted its stake in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.