Domino’s Pizza (NYSE:DPZ) PT Lowered to $500.00

Domino’s Pizza (NYSE:DPZ) had its target price dropped by BTIG Research from $580.00 to $500.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s target price suggests a potential upside of 16.37% from the company’s current price.

Several other brokerages have also issued reports on DPZ. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday. Bank of America reduced their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen reiterated a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research note on Friday. Finally, Oppenheimer reiterated an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Trading Up 5.1 %

Shares of DPZ stock opened at $429.67 on Friday. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a twelve month low of $332.13 and a twelve month high of $542.75. The company’s 50-day moving average price is $421.63 and its 200-day moving average price is $469.47.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.18 EPS. As a group, equities research analysts predict that Domino’s Pizza will post 16.24 EPS for the current year.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP grew its position in shares of Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after acquiring an additional 4,201 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after acquiring an additional 1,280 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after acquiring an additional 230,090 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after acquiring an additional 44,688 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Domino’s Pizza by 18.7% during the first quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after acquiring an additional 8,744 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.