Domino’s Pizza (NASDAQ:DPZ) Receives Neutral Rating from Robert W. Baird

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “neutral” rating reiterated by stock analysts at Robert W. Baird in a research note issued to investors on Monday,Benzinga reports. They presently have a $350.00 price objective on the restaurant operator’s stock. Robert W. Baird’s price objective would suggest a potential upside of 2.38% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 21st. The Goldman Sachs Group reduced their target price on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. DA Davidson decreased their price target on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Rothschild & Co Redburn dropped their price objective on Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $397.42.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $341.85 on Monday. The firm’s 50 day moving average price is $325.62 and its 200-day moving average price is $347.13. The company has a market cap of $11.31 billion, a PE ratio of 19.39, a P/E/G ratio of 1.65 and a beta of 0.94. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. On average, analysts forecast that Domino’s Pizza will post 18.88 earnings per share for the current fiscal year.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,254 shares of company stock worth $7,888,924 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

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 Domino’s Pizza during the 4th quarter valued at $25,000. Rakuten Securities Inc. purchased a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $28,000. 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 acquiring an additional 34 shares during the period. Investors Research Corp lifted its stake in Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $31,000. 94.63% of the stock is currently owned by 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.