TD Cowen Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price target dropped by research analysts at TD Cowen from $350.00 to $295.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential downside of 1.49% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada restated a “sector perform” rating and set a $325.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, June 23rd. DA Davidson decreased their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Gordon Haskett cut their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $405.39.

Domino’s Pizza Trading Down 0.5%

NASDAQ:DPZ opened at $299.46 on Thursday. The firm’s fifty day simple moving average is $310.32 and its 200 day simple moving average is $362.64. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $496.00. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.40 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS 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 company had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the company posted $4.33 EPS. Domino’s Pizza’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Domino’s Pizza will post 18.99 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 1,950 shares of company stock valued at $611,451. 0.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $3,183,000. Investment Management Corp of Ontario increased its holdings in shares of Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. lifted its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co boosted its holdings in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares during the period. 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.