JPMorgan Chase & Co. Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $440.00

Domino’s Pizza (NASDAQ:DPZ) had its price target cut by JPMorgan Chase & Co. from $450.00 to $440.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.81% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley lowered their price objective on Domino’s Pizza from $455.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Evercore reaffirmed an “outperform” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 24th. TD Cowen decreased their price target on shares of Domino’s Pizza from $450.00 to $400.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft set a $480.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 15th. Finally, Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $465.37.

Domino’s Pizza Trading Down 0.5%

DPZ stock traded down $2.05 during trading on Friday, reaching $370.35. 281,410 shares of the stock were exchanged, compared to its average volume of 892,004. Domino’s Pizza has a twelve month low of $346.31 and a twelve month high of $499.08. The company has a market capitalization of $12.45 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18. The stock has a 50 day simple moving average of $380.92 and a 200-day simple moving average of $401.44.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 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 last year, the business posted $4.89 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Domino’s Pizza will post 19.76 EPS for the current year.

Institutional Trading of Domino’s Pizza

Institutional investors have recently bought and sold shares of the stock. SHP Wealth Management bought a new stake in Domino’s Pizza in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Domino’s Pizza by 97.1% during the fourth 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. Johnson Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza in the 1st quarter valued at $31,000. Finally, Arax Advisory Partners bought a new stake in shares of Domino’s Pizza in the 4th quarter worth about $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.