BMO Capital Markets Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $450.00

Domino’s Pizza (NASDAQ:DPZGet Free Report) had its price target reduced by research analysts at BMO Capital Markets from $500.00 to $450.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target indicates a potential upside of 34.31% from the company’s current price.

A number of other research firms also recently weighed in on DPZ. TD Cowen restated a “hold” rating and issued a $400.00 price target on shares of Domino’s Pizza in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Friday, March 27th. Barclays set a $315.00 price target on Domino’s Pizza in a research note on Monday. Evercore reiterated an “outperform” rating and set a $510.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Finally, Hovde Group set a $460.00 target price on Domino’s Pizza in a research note on Monday, January 5th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $450.56.

Read Our Latest Stock Analysis on Domino’s Pizza

Domino’s Pizza Stock Down 8.9%

DPZ stock opened at $335.05 on Tuesday. The business has a 50 day moving average price of $379.95 and a two-hundred day moving average price of $400.40. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.61 and a beta of 1.18. Domino’s Pizza has a twelve month low of $328.74 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZGet 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 analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $4.33 EPS. On average, equities research analysts anticipate that Domino’s Pizza will post 19.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. SHP Wealth Management bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of Domino’s Pizza in the first quarter worth $31,000. Johnson Financial Group Inc. increased its position in shares of Domino’s Pizza by 200.0% in 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. Finally, Arax Advisory Partners bought a new position in shares of Domino’s Pizza in the fourth quarter worth $42,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Domino’s Pizza

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About Domino’s Pizza

(Get Free Report)

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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