Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $385.00 by Analysts at Deutsche Bank Aktiengesellschaft

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from $435.00 to $385.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 27.37% from the stock’s previous close.

Several other research analysts have also recently commented on DPZ. Wells Fargo & Company lowered their target price on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. TD Cowen reduced their price target on Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday. BMO Capital Markets decreased their price objective on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Finally, BTIG Research cut their target price on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.39.

Domino’s Pizza Stock Down 0.0%

Domino’s Pizza stock traded down $0.09 during mid-day trading on Thursday, reaching $302.26. 373,245 shares of the company’s stock were exchanged, compared to its average volume of 930,920. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $496.00. The company has a market cap of $10.05 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.46 and a beta of 0.97. The company has a fifty day moving average of $311.76 and a 200-day moving average of $364.01.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same period last year, the business posted $4.33 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Domino’s Pizza will post 18.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,915,392.48. This represents a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 1,463 shares of company stock worth $466,807 in the last three months. 0.89% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently bought and sold shares of the business. Huntleigh Advisors Inc. boosted its stake in shares of Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the period. Parallel Advisors LLC raised its stake in Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after acquiring an additional 27 shares during the last quarter. Enhancing Capital LLC raised its stake in Domino’s Pizza by 1.9% during the 3rd quarter. Enhancing Capital LLC now owns 1,768 shares of the restaurant operator’s stock valued at $763,000 after acquiring an additional 33 shares during the last quarter. Andina Capital Management LLC lifted its position in Domino’s Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Domino’s Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.