BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZGet Free Report) had its target price dropped by stock analysts at BMO Capital Markets from $450.00 to $420.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target indicates a potential upside of 27.67% from the company’s current price.

DPZ has been the subject of a number of other reports. TD Cowen upped their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday. Weiss Ratings downgraded Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday. The Goldman Sachs Group lowered their target price on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Piper Sandler reduced their target price on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Eighteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.55.

Check Out Our Latest Analysis on Domino’s Pizza

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $328.97 on Tuesday. Domino’s Pizza has a 1-year low of $282.00 and a 1-year high of $496.00. The company has a market capitalization of $10.94 billion, a P/E ratio of 18.94, a PEG ratio of 1.55 and a beta of 0.97. The business’s fifty day moving average price is $309.24 and its two-hundred day moving average price is $357.66.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.81 EPS. On average, research analysts expect that Domino’s Pizza will post 18.88 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,950 shares of company stock worth $611,451. Insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after buying an additional 368,055 shares in the last quarter. Soroban Capital Partners LP acquired a new position in Domino’s Pizza in the 1st quarter valued at approximately $895,251,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after acquiring an additional 7,497 shares during the period. State Street Corp lifted its position in shares of Domino’s Pizza by 3.8% in the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after acquiring an additional 49,613 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Key Headlines Impacting Domino’s Pizza

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About Domino’s Pizza

(Get Free Report)

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.

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Analyst Recommendations for Domino's Pizza (NASDAQ:DPZ)

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