Guggenheim Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $460.00

Domino’s Pizza (NYSE:DPZ) had its price target dropped by investment analysts at Guggenheim from $485.00 to $460.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s price objective would indicate a potential upside of 7.26% from the company’s current price.

A number of other research firms also recently issued reports on DPZ. Oppenheimer cut their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. The Goldman Sachs Group began coverage on Domino’s Pizza in a report on Thursday, June 13th. They set a “buy” rating and a $612.00 price objective for the company. Benchmark lowered their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada cut their price target on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen lowered their price target on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $506.28.

Domino’s Pizza Stock Down 0.8 %

Shares of Domino’s Pizza stock opened at $428.85 on Thursday. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75. The stock has a market cap of $14.96 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. The business has a fifty day simple moving average of $422.52 and a 200-day simple moving average of $471.69.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.08 EPS. Analysts expect that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of DPZ. Steward Partners Investment Advisory LLC raised its stake in Domino’s Pizza by 0.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after purchasing an additional 39 shares during the last quarter. Bayesian Capital Management LP raised 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 valued at $2,385,000 after buying an additional 4,201 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after buying an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in 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 buying an additional 44,688 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

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.