Domino’s Pizza (NASDAQ:DPZ) Stock Rating Lowered by Argus

Domino’s Pizza (NASDAQ:DPZ) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a report issued on Tuesday,Briefing.com Automated Import reports.

DPZ has been the topic of several other reports. Robert W. Baird lowered their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Monday. TD Securities reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the company from $419.00 to $559.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.00.

Domino’s Pizza Trading Down 1.5 %

Shares of DPZ opened at $455.64 on Tuesday. The firm has a market capitalization of $15.73 billion, a PE ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90. The stock’s 50 day moving average is $441.12 and its two-hundred day moving average is $435.12. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.48 EPS. On average, sell-side analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd grew its stake in Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.