JPMorgan Chase & Co. Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by JPMorgan Chase & Co. from $450.00 to $440.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.68% from the stock’s previous close.

DPZ has been the subject of a number of other reports. Barclays raised Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Citigroup cut their price target on Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft set a $480.00 price target on Domino’s Pizza in a report on Wednesday, April 15th. Evercore restated an “outperform” rating and issued a $510.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, UBS Group cut their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average target price of $464.26.

Domino’s Pizza Trading Down 1.3%

NASDAQ:DPZ opened at $367.64 on Friday. Domino’s Pizza has a 1 year low of $346.31 and a 1 year high of $499.08. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.63 and a beta of 1.18. The stock has a 50-day moving average price of $380.76 and a two-hundred day moving average price of $400.99.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same period last year, the firm posted $4.89 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza will post 19.74 earnings per share for the current year.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc raised its holdings in Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Domino’s Pizza by 0.4% during the fourth 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. Principal Financial Group Inc. raised its holdings in Domino’s Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after acquiring an additional 30,647 shares in the last quarter. State Street Corp raised its holdings in Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after acquiring an additional 49,613 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Domino’s Pizza by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after acquiring an additional 19,019 shares in the last quarter. Institutional investors 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.