Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $430.00 at Morgan Stanley

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by investment analysts at Morgan Stanley from $455.00 to $430.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective suggests a potential upside of 17.12% from the stock’s current price.

Several other research firms also recently issued reports on DPZ. UBS Group lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. Stifel Nicolaus lowered their price objective on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Evercore reaffirmed an “outperform” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $468.21.

Domino’s Pizza Trading Down 0.6%

NASDAQ DPZ traded down $2.33 during trading on Tuesday, hitting $367.13. 93,334 shares of the company’s stock were exchanged, compared to its average volume of 899,220. The company has a market cap of $12.35 billion, a PE ratio of 20.89, a P/E/G ratio of 1.63 and a beta of 1.18. Domino’s Pizza has a fifty-two week low of $346.31 and a fifty-two week high of $499.08. The stock’s 50 day moving average price is $381.88 and its two-hundred day moving average price is $402.30.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm had revenue of $1.54 billion during the quarter. During the same period in the prior year, the company earned $4.89 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts forecast that Domino’s Pizza will post 19.75 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Domino’s Pizza during the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Domino’s Pizza during the 1st quarter worth approximately $31,000. Finally, Arax Advisory Partners bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.