Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $465.00 at Benchmark

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by investment analysts at Benchmark from $540.00 to $465.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Benchmark’s target price points to a potential upside of 24.98% from the company’s previous close.

DPZ has been the topic of a number of other research reports. Citigroup reduced their target price on Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. JPMorgan Chase & Co. upgraded Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their price target for the company from $460.00 to $450.00 in a report on Tuesday, February 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $469.11.

Domino’s Pizza Stock Performance

DPZ stock opened at $372.06 on Monday. Domino’s Pizza has a 1 year low of $346.31 and a 1 year high of $499.08. The stock’s 50 day moving average price is $382.33 and its 200 day moving average price is $402.74. The firm has a market cap of $12.51 billion, a P/E ratio of 21.18, a PEG ratio of 1.63 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company had revenue of $1.54 billion during the quarter. During the same quarter in the prior year, the firm posted $4.89 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Institutional Trading of Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Huntleigh Advisors Inc. increased its holdings in shares of Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the last quarter. Lafayette Investments Inc. increased its holdings in shares of Domino’s Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after buying an additional 26 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Domino’s Pizza by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock worth $1,028,000 after buying an additional 27 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after buying an additional 27 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Domino’s Pizza by 1.2% during the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock worth $1,000,000 after buying an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.