Domino’s Pizza (NASDAQ:DPZ – Get Free Report)‘s stock had its “hold” rating reissued by analysts at TD Cowen in a research report issued on Tuesday,Benzinga reports. They presently have a $350.00 price target on the restaurant operator’s stock. TD Cowen’s price target would suggest a potential upside of 22.18% from the stock’s current price.
Several other equities analysts have also recently weighed in on the stock. Northcoast Research decreased their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. DA Davidson dropped their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 23rd. Finally, BTIG Research lowered their price objective on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $412.97.
Get Our Latest Research Report on DPZ
Domino’s Pizza Stock Performance
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same quarter last year, the business earned $4.33 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts predict that Domino’s Pizza will post 19.07 EPS for the current year.
Insiders Place Their Bets
In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total transaction of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Domino’s Pizza
Institutional investors and hedge funds have recently modified their holdings of the stock. SHP Wealth Management bought a new stake in shares of Domino’s Pizza during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the 1st quarter valued at about $31,000. Cornerstone Planning Group LLC raised its holdings in Domino’s Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 81 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.
Domino’s Pizza News Summary
Here are the key news stories impacting Domino’s Pizza this week:
- Positive Sentiment: BTIG Research kept its buy rating on Domino’s Pizza and still sees meaningful upside, even after trimming its price target to $425 from $450. BTIG price target cut on Domino’s Pizza
- Positive Sentiment: Robert W. Baird also maintained a constructive view with an outperform rating, though it lowered its target to $350 from $400. Baird price target cut on Domino’s Pizza
- Neutral Sentiment: Domino’s announced a CEO succession plan, with veteran insider Joe Jordan set to become CEO while Russell Weiner transitions to executive chairman; the move is designed to provide continuity during a tougher sales environment. Domino’s Announces CEO Succession Plan
- Neutral Sentiment: Media coverage noted that Domino’s chose an insider as its new CEO, framing the appointment as a leadership change meant to navigate a challenging period for the business. Wall Street Journal article on Domino’s CEO appointment
- Negative Sentiment: Investors appear concerned that the CEO transition reflects slowing pizza sales and a tougher near-term operating backdrop, which can weigh on sentiment for DPZ. Domino’s names veteran executive as new CEO amid slowing pizza sales
About Domino’s Pizza
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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