TD Cowen Cuts Domino’s Pizza (NYSE:DPZ) Price Target to $475.00

Domino’s Pizza (NYSE:DPZ) had its price objective cut by equities research analysts at TD Cowen from $520.00 to $475.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s target price would suggest a potential upside of 18.01% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Barclays lowered their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a research note on Friday, July 19th. Robert W. Baird reduced their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday. Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Loop Capital cut their price objective on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Domino’s Pizza in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.21.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $402.52 on Monday. The firm has a market capitalization of $14.04 billion, a P/E ratio of 26.27, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75. The business has a fifty day moving average price of $432.29 and a 200-day moving average price of $474.02.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $3.08 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $1,556,000. Cetera Investment Advisers grew its position in shares of Domino’s Pizza by 29.7% in the 2nd quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock worth $5,171,000 after buying an additional 2,294 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Domino’s Pizza during the second quarter valued at approximately $6,423,000. Ted Buchan & Co bought a new position in shares of Domino’s Pizza during the second quarter valued at approximately $207,000. Finally, Truist Financial Corp lifted its stake in Domino’s Pizza by 6.4% in the second quarter. Truist Financial Corp now owns 16,813 shares of the restaurant operator’s stock worth $8,681,000 after acquiring an additional 1,011 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.