Citigroup Trims Domino’s Pizza (NYSE:DPZ) Target Price to $440.00

Domino’s Pizza (NYSE:DPZ) had its price target decreased by equities research analysts at Citigroup from $450.00 to $440.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective points to a potential upside of 1.71% from the company’s previous close.

DPZ has been the topic of several other research reports. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Friday. Stephens reduced their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday. Loop Capital reissued a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a research note on Friday, September 20th. Finally, Benchmark lowered their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Price Performance

Shares of NYSE DPZ traded up $23.87 during mid-day trading on Friday, hitting $432.62. The company had a trading volume of 877,323 shares, compared to its average volume of 614,254. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75. The company has a market capitalization of $15.13 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The business’s 50-day simple moving average is $421.61 and its 200 day simple moving average is $469.81.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $4.18 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Domino’s Pizza will post 16.24 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DPZ. Price T Rowe Associates Inc. MD raised its holdings in 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 purchasing an additional 230,090 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Domino’s Pizza in the 2nd quarter worth about $72,296,000. Finally, TD Asset Management Inc raised its holdings in shares of Domino’s Pizza by 27.8% in the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.