Deutsche Bank Aktiengesellschaft Trims Domino’s Pizza (NYSE:DPZ) Target Price to $480.00

Domino’s Pizza (NYSE:DPZ) had its price target cut by equities researchers at Deutsche Bank Aktiengesellschaft from $500.00 to $480.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 11.67% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and issued a $430.00 target price on shares of Domino’s Pizza in a research report on Thursday. BMO Capital Markets lowered their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Oppenheimer reaffirmed an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday. 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 assigned a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $497.48.

Domino’s Pizza Price Performance

DPZ traded up $21.07 during trading on Friday, reaching $429.82. The company had a trading volume of 645,191 shares, compared to its average volume of 613,178. The business’s fifty day moving average price is $421.61 and its 200 day moving average price is $469.81. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75. The company has a market cap of $15.03 billion, a P/E ratio of 26.51, a PEG ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $4.18 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DPZ. Signaturefd LLC grew its holdings in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares in the last quarter. Czech National Bank boosted its stake in Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 27 shares during the last quarter. Insight Folios Inc grew its stake in shares of Domino’s Pizza by 3.4% during the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after acquiring an additional 28 shares during the period. Finally, Portside Wealth Group LLC increased its holdings in Domino’s Pizza by 6.5% in the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 28 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.