Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $415.00 at Oppenheimer

Domino’s Pizza (NASDAQ:DPZGet Free Report) had its price target dropped by investment analysts at Oppenheimer from $465.00 to $415.00 in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target would suggest a potential upside of 26.15% from the company’s current price.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating for the company in a research report on Thursday. Gordon Haskett cut their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Mizuho cut their price target on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday. Finally, BTIG Research decreased their price objective on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.52.

View Our Latest Report on DPZ

Domino’s Pizza Stock Up 2.1%

DPZ stock opened at $328.97 on Tuesday. The business has a 50 day moving average price of $309.24 and a 200 day moving average price of $357.66. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.55 and a beta of 0.97. Domino’s Pizza has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $3.81 earnings per share. As a group, sell-side analysts anticipate that Domino’s Pizza will post 18.88 EPS for the current year.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,950 shares of company stock worth $611,451 in the last quarter. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in Domino’s Pizza during the second quarter worth about $3,183,000. Investment Management Corp of Ontario increased its stake in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 647 shares in the last quarter. Sei Investments Co. raised its position in shares of Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co raised its position in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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About Domino’s Pizza

(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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