Rothschild & Co Redburn Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $290.00

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by research analysts at Rothschild & Co Redburn from $340.00 to $290.00 in a note issued to investors on Monday,MarketScreener reports. Rothschild & Co Redburn’s price objective would indicate a potential downside of 9.48% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. BMO Capital Markets dropped their price target on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a research report on Monday, April 27th. Citigroup dropped their target price on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. UBS Group lowered their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $419.74.

Domino’s Pizza Trading Down 1.0%

Shares of Domino’s Pizza stock opened at $320.36 on Monday. The company has a 50-day moving average of $373.16 and a two-hundred day moving average of $396.96. Domino’s Pizza has a 12-month low of $321.00 and a 12-month high of $499.08. The stock has a market cap of $10.66 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the company posted $4.33 EPS. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza will post 19.22 EPS for the current fiscal year.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $332.31, for a total value of $162,167.28. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,107,763.12. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently made changes to their positions in the company. Berkshire Hathaway Inc raised its holdings in shares of 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 valued at $1,396,347,000 after buying an additional 368,055 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in 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 buying an additional 7,497 shares in the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares during the period. State Street Corp increased its position in 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 valued at $570,595,000 after acquiring an additional 49,613 shares during the period. Finally, Geode Capital Management LLC raised its stake in 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 valued at $432,033,000 after acquiring an additional 19,019 shares in the last quarter. Institutional investors and hedge funds 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.