TD Cowen Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective cut by research analysts at TD Cowen from $377.00 to $350.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price objective would indicate a potential upside of 12.75% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Evercore decreased their target price on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Rothschild & Co Redburn dropped their price target on shares of Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Finally, Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $418.13.

Domino’s Pizza Stock Performance

DPZ opened at $310.42 on Wednesday. The stock has a fifty day moving average of $349.51 and a 200-day moving average of $387.89. The company has a market capitalization of $10.33 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.47 and a beta of 1.02. Domino’s Pizza has a fifty-two week low of $297.48 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the business earned $4.33 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza will post 19.15 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the business. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Marshfield Associates grew its holdings in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd increased its position in Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 2,813 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in Domino’s Pizza in the 3rd quarter valued at approximately $1,557,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.