Domino’s Pizza (NYSE:DPZ) Price Target Cut to $429.00

Domino’s Pizza (NYSE:DPZ) had its price objective lowered by investment analysts at Piper Sandler from $436.00 to $429.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target indicates a potential upside of 4.33% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group initiated coverage on Domino’s Pizza in a research note on Thursday, June 13th. They set a “buy” rating and a $612.00 target price for the company. Barclays lowered their price objective on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada cut their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Wedbush decreased their price target on shares of Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $504.03.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $411.21 on Monday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.21 and a beta of 0.86. Domino’s Pizza has a 52-week low of $332.13 and a 52-week high of $542.75. The firm has a 50 day moving average price of $422.29 and a two-hundred day moving average price of $470.64.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at $30,000. Crewe Advisors LLC bought a new position in shares of Domino’s Pizza during the 1st quarter worth $36,000. Versant Capital Management Inc increased its holdings in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $62,000. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

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.