Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $445.00 by Analysts at Northcoast Research

Domino’s Pizza (NASDAQ:DPZGet Free Report) had its price objective cut by Northcoast Research from $525.00 to $445.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Northcoast Research’s price objective suggests a potential upside of 35.64% from the company’s current price.

Other analysts have also issued reports about the stock. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. UBS Group lowered their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen reiterated a “hold” rating and issued a $400.00 price target on shares of Domino’s Pizza in a research report on Monday. HSBC lowered their price target on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus set a $400.00 price target on shares of Domino’s Pizza in a research report on Monday. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average price target of $421.30.

Check Out Our Latest Stock Analysis on DPZ

Domino’s Pizza Trading Down 3.6%

Shares of NASDAQ:DPZ traded down $12.38 during midday trading on Tuesday, hitting $328.09. 129,274 shares of the stock were exchanged, compared to its average volume of 944,211. Domino’s Pizza has a twelve month low of $328.74 and a twelve month high of $499.08. The company has a 50 day moving average price of $379.29 and a 200-day moving average price of $399.94. The stock has a market cap of $11.03 billion, a P/E ratio of 18.93, a PEG ratio of 1.45 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The business had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 earnings per share. On average, equities research analysts expect that Domino’s Pizza will post 19.72 earnings per share for the current year.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently made changes to their positions in DPZ. SHP Wealth Management acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $31,000. Johnson Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza News Roundup

Here are the key news stories impacting Domino’s Pizza this week:

Domino’s Pizza Company Profile

(Get Free Report)

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.

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