Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $350.00 by Analysts at TD Cowen

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by equities research analysts at TD Cowen from $377.00 to $350.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price objective suggests a potential upside of 12.75% from the company’s current price.

A number of other research firms also recently commented on DPZ. Loop Capital reduced their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Benchmark dropped their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Citigroup decreased their price target on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Finally, HSBC lowered their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $418.13.

Domino’s Pizza Stock Down 1.9%

NASDAQ DPZ opened at $310.42 on Wednesday. The firm’s 50 day moving average is $349.51 and its 200-day moving average is $387.89. The company has a market capitalization of $10.33 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. Domino’s Pizza has a 12-month low of $297.48 and a 12-month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its 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 net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same period in the prior year, the business posted $4.33 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza will post 19.15 EPS for the current year.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of DPZ. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza during the 1st quarter worth about $895,251,000. Northwestern Mutual Wealth Management Co. lifted its position in Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares during the last quarter. Norges Bank acquired a new stake in Domino’s Pizza during the fourth quarter worth approximately $285,116,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after acquiring an additional 375,709 shares during the period. Finally, Berkshire Hathaway Inc grew its position in shares of Domino’s Pizza by 12.3% in 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 purchasing an additional 368,055 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

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.