Domino’s Pizza (DPZ) PT Lowered to $230.00 at Wells Fargo & Co

Domino’s Pizza (NYSE:DPZ) had its price target dropped by analysts at Wells Fargo & Co from $255.00 to $230.00 in a report issued on Friday. The firm presently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price indicates a potential downside of 7.91% from the stock’s current price.

Several other research firms also recently weighed in on DPZ. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Thursday. Mizuho set a $300.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price target for the stock from $305.00 to $310.00 in a research note on Wednesday, October 17th. Cowen started coverage on shares of Domino’s Pizza in a research note on Friday. They issued an “outperform” rating and a $290.00 price target for the company. Finally, Citigroup lowered their price target on shares of Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $274.74.

NYSE:DPZ traded up $3.57 during midday trading on Friday, hitting $249.76. The company had a trading volume of 74,933 shares, compared to its average volume of 500,096. Domino’s Pizza has a 52-week low of $198.51 and a 52-week high of $305.34. The firm has a market capitalization of $10.26 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.20. The business had revenue of $786.00 million during the quarter, compared to the consensus estimate of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. Equities analysts predict that Domino’s Pizza will post 8.45 earnings per share for the current fiscal year.

In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the transaction, the chief executive officer now owns 44,864 shares in the company, valued at $12,530,963.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.97% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Domino’s Pizza by 15.3% during the third quarter. FMR LLC now owns 1,365,933 shares of the restaurant operator’s stock valued at $402,677,000 after buying an additional 181,591 shares during the period. Capital Research Global Investors increased its position in shares of Domino’s Pizza by 38.4% during the third quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock valued at $163,452,000 after buying an additional 153,951 shares during the period. Bank of New York Mellon Corp increased its position in shares of Domino’s Pizza by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 511,626 shares of the restaurant operator’s stock valued at $150,828,000 after buying an additional 5,135 shares during the period. Morgan Stanley grew its holdings in Domino’s Pizza by 36.3% in the second quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock worth $81,849,000 after purchasing an additional 77,244 shares during the period. Finally, Bank of America Corp DE grew its holdings in Domino’s Pizza by 41.9% in the second quarter. Bank of America Corp DE now owns 275,099 shares of the restaurant operator’s stock worth $77,625,000 after purchasing an additional 81,286 shares during the period. Institutional investors own 90.24% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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