Robert W. Baird Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its target price reduced by investment analysts at Robert W. Baird from $400.00 to $350.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 18.60% from the company’s previous close.

Several other research firms have also commented on DPZ. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Loop Capital cut their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Gordon Haskett reduced their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. DA Davidson decreased their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Citigroup cut their price target on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $415.71.

Domino’s Pizza Trading Down 5.6%

DPZ opened at $295.11 on Tuesday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.45 and a beta of 0.98. Domino’s Pizza has a 12 month low of $294.28 and a 12 month high of $496.00. The stock has a fifty day moving average price of $327.76 and a 200-day moving average price of $374.88.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data 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). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same period in the prior year, the business earned $4.33 EPS. Domino’s Pizza’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Domino’s Pizza will post 19.07 EPS for the current year.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DPZ. SHP Wealth Management acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings 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 worth $29,000 after buying an additional 34 shares during the period. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the 1st quarter worth approximately $31,000. Cornerstone Planning Group LLC raised its position in Domino’s Pizza by 450.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino’s Pizza

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.