Domino’s Pizza (NASDAQ:DPZ) Stock Price Target Cut by Royal Bank Of Canada

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by research analysts at Royal Bank Of Canada from $350.00 to $325.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “sector perform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 7.31% from the company’s previous close.

A number of other brokerages have also recently commented on DPZ. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. TD Cowen raised their price objective on shares of Domino’s Pizza from $310.00 to $320.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. 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 report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research note on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and an average price target of $392.58.

Domino’s Pizza Stock Up 1.9%

Shares of NASDAQ DPZ opened at $302.87 on Monday. The business’s 50 day moving average is $329.33 and its two-hundred day moving average is $329.67. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $442.35. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.37 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.81 EPS. Analysts anticipate that Domino’s Pizza will post 18.95 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,767 shares of company stock worth $7,737,107 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Rakuten Securities Inc. acquired a new position in shares of Domino’s Pizza during the second quarter worth $28,000. Investors Research Corp grew its stake in shares of Domino’s Pizza by 9,900.0% during the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in Domino’s Pizza in the first quarter valued at $31,000. Finally, Cornerstone Planning Group LLC increased its holdings in Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.