Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $490.00 by Analysts at Evercore ISI

Domino’s Pizza (NASDAQ:DPZ) had its target price dropped by equities researchers at Evercore ISI from $510.00 to $490.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s price objective points to a potential upside of 20.84% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group cut their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Hovde Group set a $460.00 target price on Domino’s Pizza in a report on Monday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Bank of America upped their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $485.74.

Domino’s Pizza Trading Down 0.2%

Shares of Domino’s Pizza stock opened at $405.50 on Thursday. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.91 and a beta of 1.15. The firm’s 50-day moving average price is $416.56 and its two-hundred day moving average price is $435.61. Domino’s Pizza has a 1-year low of $392.89 and a 1-year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.19 earnings per share. As a group, equities research analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. RMG Wealth Management LLC acquired a new position in Domino’s Pizza in the second quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $29,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $34,000. Finally, Johnson Financial Group Inc. grew its stake in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. 94.63% of the stock is owned by institutional investors.

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.