Guggenheim Has Lowered Expectations for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective decreased by equities research analysts at Guggenheim from $450.00 to $440.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s target price indicates a potential upside of 10.20% from the company’s current price.

DPZ has been the subject of a number of other research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a report on Tuesday. William Blair set a $540.00 target price on Domino’s Pizza in a research report on Monday. BTIG Research reiterated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday. Citigroup increased their price target on Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Piper Sandler restated a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Trading Down 1.2%

NASDAQ DPZ opened at $399.29 on Wednesday. The stock has a market cap of $13.43 billion, a PE ratio of 22.73, a PEG ratio of 1.79 and a beta of 1.15. Domino’s Pizza has a 12 month low of $370.70 and a 12 month high of $500.55. The company’s 50-day moving average price is $404.95 and its 200-day moving average price is $419.98.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. Domino’s Pizza’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $4.89 EPS. As a group, sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Domino’s Pizza during the 2nd quarter worth approximately $34,000. Johnson Financial Group Inc. increased its stake in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Domino’s Pizza in the second quarter worth $42,000. Finally, Westpac Banking Corp lifted its stake in shares of Domino’s Pizza by 31.2% during the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after buying an additional 24 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.