Evercore ISI Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $490.00

Domino’s Pizza (NASDAQ:DPZ) had its target price trimmed by Evercore ISI from $510.00 to $490.00 in a research report report published on Thursday morning, MarketBeat reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company lowered their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Stifel Nicolaus decreased their price objective on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday. Bank of America lifted their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group dropped their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Hovde Group set a $460.00 price target on Domino’s Pizza in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average price target of $485.74.

Domino’s Pizza Stock Down 0.4%

DPZ opened at $405.09 on Thursday. Domino’s Pizza has a 52 week low of $392.89 and a 52 week high of $500.55. The business’s 50 day moving average is $416.74 and its two-hundred day moving average is $434.87. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15.

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

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional increased its holdings in Domino’s Pizza by 6.7% during the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock valued at $172,000 after acquiring an additional 24 shares in the last quarter. Lafayette Investments Inc. grew its position in shares of Domino’s Pizza by 2.7% in the second quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock valued at $419,000 after purchasing an additional 24 shares during the last quarter. Westpac Banking Corp grew its position in shares of Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Novem Group increased its stake in shares of Domino’s Pizza by 4.4% during the 2nd quarter. Novem Group now owns 592 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 25 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Domino’s Pizza by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock worth $1,028,000 after purchasing an additional 27 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.