Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $400.00 at Wells Fargo & Company

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by Wells Fargo & Company from $430.00 to $400.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.86% from the company’s previous close.

A number of other equities analysts also recently commented on DPZ. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. Barclays reduced their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Morgan Stanley reissued an “equal weight” rating and set a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Argus upgraded Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Finally, Hovde Group set a $460.00 price target on Domino’s Pizza in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $474.64.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $354.41 on Tuesday. The stock’s 50 day simple moving average is $391.95 and its 200-day simple moving average is $409.04. The stock has a market cap of $11.92 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.50 and a beta of 1.16. Domino’s Pizza has a 1-year low of $346.31 and a 1-year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.89 EPS. As a group, research analysts expect that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. State Board of Administration of Florida Retirement System lifted its stake in shares of Domino’s Pizza by 0.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,337 shares of the restaurant operator’s stock valued at $15,022,000 after buying an additional 250 shares in the last quarter. Norges Bank bought a new stake in Domino’s Pizza during the 2nd quarter valued at $202,680,000. Panagora Asset Management Inc. raised its holdings in Domino’s Pizza by 3,515.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 51,127 shares of the restaurant operator’s stock valued at $23,038,000 after acquiring an additional 49,713 shares during the period. Claret Asset Management Corp purchased a new stake in shares of Domino’s Pizza during the second quarter worth $234,000. Finally, M&T Bank Corp boosted its holdings in shares of Domino’s Pizza by 2.0% in the second quarter. M&T Bank Corp now owns 4,247 shares of the restaurant operator’s stock worth $1,914,000 after acquiring an additional 85 shares during the period. Institutional investors 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.