Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $425.00 by Analysts at Citigroup

Domino’s Pizza (NASDAQ:DPZ) had its price target cut by research analysts at Citigroup from $440.00 to $425.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective points to a potential upside of 14.21% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Friday, March 27th. Guggenheim lowered their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Finally, Barclays raised shares of Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $475.37.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ traded down $8.66 during mid-day trading on Tuesday, hitting $372.11. The company had a trading volume of 479,748 shares, compared to its average volume of 938,597. The firm has a fifty day moving average price of $388.45 and a 200 day moving average price of $406.43. The company has a market capitalization of $12.51 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18. Domino’s Pizza has a one year low of $346.31 and a one year high of $499.08.

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

Institutional Trading of Domino’s Pizza

Hedge funds have recently bought and sold shares of the business. SHP Wealth Management acquired a new stake in Domino’s Pizza in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of 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 acquiring an additional 34 shares in the last quarter. Johnson Financial Group Inc. grew 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 worth $36,000 after acquiring an additional 56 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Domino’s Pizza in the second quarter valued at about $42,000. Finally, Arax Advisory Partners purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at 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.