Domino’s Pizza (NASDAQ:DPZ) Cut to “Hold” at Gordon Haskett

Domino’s Pizza (NASDAQ:DPZ) was downgraded by research analysts at Gordon Haskett from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other research firms also recently weighed in on DPZ. Citigroup decreased their price target on shares of Domino’s Pizza from $335.00 to $308.00 and set a “neutral” rating on the stock in a research note on Wednesday. Guggenheim dropped their price objective on shares of Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Domino’s Pizza in a report on Wednesday. Berenberg Bank upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Royal Bank Of Canada decreased their target price on shares of Domino’s Pizza from $325.00 to $320.00 and set a “sector perform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $380.87.

Domino’s Pizza Trading Down 0.1%

Shares of DPZ stock opened at $295.89 on Wednesday. Domino’s Pizza has a 12 month low of $282.00 and a 12 month high of $442.35. The company has a market capitalization of $9.79 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.35 and a beta of 0.94. The stock has a 50 day moving average of $322.65 and a two-hundred day moving average of $327.05.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.08 earnings per share. Sell-side analysts predict that Domino’s Pizza will post 18.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in shares of Domino’s Pizza by 17.0% in the 3rd quarter. CoreCap Advisors LLC now owns 262 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 38 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Domino’s Pizza by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock worth $287,000 after acquiring an additional 50 shares during the last quarter. Patton Fund Management Inc. grew its position in Domino’s Pizza by 10.4% during the 1st quarter. Patton Fund Management Inc. now owns 565 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 53 shares during the last quarter. SHP Wealth Management acquired a new stake in Domino’s Pizza during the 4th quarter valued at $25,000. Finally, Mufg Securities Americas Inc. increased its holdings in Domino’s Pizza by 7.2% during the 2nd quarter. Mufg Securities Americas Inc. now owns 922 shares of the restaurant operator’s stock valued at $273,000 after purchasing an additional 62 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Key Stories Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s reported third-quarter earnings of $4.60 per share and revenue of $1.19 billion, exceeding consensus estimates of $4.33–$4.38 and approximately $1.17 billion. Earnings increased from $4.08 a year earlier. Domino’s Q3 revenue report
• Positive Sentiment: Supply-chain revenue, franchise royalties and continued share repurchases supported profitability, while management said more frequent customer visits are partly offsetting smaller orders. Domino’s Q3 earnings and supply-chain report
• Positive Sentiment: The company declared a quarterly dividend of $1.99 per share, equivalent to $7.96 annually and a stated yield of about 2.7%, providing income support for shareholders.
• Neutral Sentiment: Analyst opinion remains mixed. BTIG reaffirmed a Buy rating with a $425 target, while Bank of America retained Buy despite lowering its target to $410. Morgan Stanley, RBC, Baird and Citigroup maintained neutral or market-perform views, with targets ranging from $308 to $345.
• Negative Sentiment: U.S. same-store sales rose only 0.3%, and management indicated pressure on items per order. Slower international sales, narrower store margins, stronger competition and cautious consumer spending are weighing on demand. Domino’s forecasts muted same-store sales
• Negative Sentiment: Several analysts cut price targets following the results, including Citigroup, Morgan Stanley, RBC, Baird and Bank of America. The revisions suggest that the earnings beat is viewed as less sustainable while the consumer environment remains challenging.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.