Domino’s Pizza (NASDAQ:DPZ) Stock Price Target Cut by Bank of America

Domino’s Pizza (NASDAQ:DPZ) had its price target decreased by Bank of America from $455.00 to $410.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Bank of America‘s price target indicates a potential upside of 38.47% from the stock’s previous close.

DPZ has been the subject of several other reports. Loop Capital reissued a “hold” rating and issued a $353.00 price objective on shares of Domino’s Pizza in a report on Monday, August 10th. Oppenheimer cut their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Citigroup lowered their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company restated a “reduce” rating and issued a $320.00 price objective on shares of Domino’s Pizza in a research note on Wednesday. Finally, UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $387.13.

Domino’s Pizza Stock Down 4.8%

Shares of NASDAQ DPZ opened at $296.10 on Wednesday. The business has a 50-day moving average price of $324.06 and a 200 day moving average price of $327.49. The stock has a market cap of $9.79 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%. The company had revenue of $1.19 billion for the quarter. During the same period last year, the firm earned $4.08 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that Domino’s Pizza will post 18.96 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, CEO Russell Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.89% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares during the period. Soroban Capital Partners LP acquired a new stake in Domino’s Pizza in the first quarter valued at about $895,251,000. BlackRock Inc. acquired a new stake in Domino’s Pizza in the second quarter valued at about $715,704,000. T. Rowe Price Investment Management Inc. lifted its position in Domino’s Pizza by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares in the last quarter. 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:

• Positive Sentiment: Domino’s reported third-quarter earnings of $4.60 per share, above estimates of roughly $4.33-$4.38 and up from $4.08 a year earlier. Revenue increased 3.4% to $1.19 billion, also exceeding expectations. Domino’s Q3 EPS report
• Positive Sentiment: Operating income rose 8.3%, supported by supply-chain sales, franchise royalties and ongoing store expansion. Domino’s added 175 net stores globally, including 149 internationally, providing longer-term growth potential. Domino’s third-quarter financial results
• Positive Sentiment: Management said customers are ordering more frequently, which partly offsets lower spending per order. The company also continues to return capital, including a quarterly dividend of $1.99 per share, or $7.96 annualized.
• Neutral Sentiment: TD Cowen reaffirmed its “hold” rating with a $320 price target, implying potential upside from recent levels but signaling limited conviction in a near-term re-rating.
• Negative Sentiment: U.S. same-store sales grew only 0.3%, while international same-store sales increased 0.2%. The weak comparable-sales performance suggests that the earnings beat was driven more by operational improvements than by strong underlying demand. Domino’s third-quarter sales report
• Negative Sentiment: Domino’s forecast muted annual same-store sales growth as competition intensifies and cost-conscious consumers reduce spending. Reports also pointed to narrower store margins and a broader slowdown in pizza demand, raising concerns about the company’s growth outlook. Reuters report on Domino’s outlook

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.