Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $557.00 at Bank of America

Domino’s Pizza (NYSE:DPZ) had its price objective dropped by research analysts at Bank of America from $582.00 to $557.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Bank of America‘s price objective indicates a potential upside of 29.59% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Stephens restated an “equal weight” rating and set a $430.00 target price on shares of Domino’s Pizza in a research report on Thursday. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Oppenheimer reaffirmed an “outperform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Friday. Barclays cut their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $497.48.

Domino’s Pizza Price Performance

Shares of NYSE DPZ traded up $21.07 during trading on Friday, hitting $429.82. 645,191 shares of the company were exchanged, compared to its average volume of 613,178. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm’s fifty day moving average price is $421.61 and its 200 day moving average price 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 for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 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 company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.18 EPS. On average, research analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. Signaturefd LLC boosted its position in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares during the period. Czech National Bank grew its holdings in shares of Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares in the last quarter. Summit Trail Advisors LLC grew its position in Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares in the last quarter. Insight Folios Inc grew its position in shares of Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC grew its holdings in Domino’s Pizza by 6.5% in the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 28 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.