Domino’s Pizza (NASDAQ:DPZ) Given New $425.00 Price Target at BTIG Research

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by equities research analysts at BTIG Research from $450.00 to $425.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price objective would suggest a potential upside of 44.01% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Rothschild & Co Redburn decreased their price target on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Argus upgraded Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. The Goldman Sachs Group decreased their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Piper Sandler lowered their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, Robert W. Baird decreased their target price on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $415.71.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $295.11 on Tuesday. The firm has a market cap of $9.82 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The firm’s fifty day moving average is $327.76 and its 200-day moving average is $374.88. Domino’s Pizza has a 52 week low of $294.28 and a 52 week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted 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). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 EPS. Sell-side analysts forecast that Domino’s Pizza will post 19.07 EPS for the current year.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 1,463 shares of company stock valued at $466,807 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently made changes to their positions in DPZ. Soroban Capital Partners LP bought a new position in shares of Domino’s Pizza during the first quarter valued at about $895,251,000. Northwestern Mutual Wealth Management Co. increased its stake in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $285,116,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares during the last quarter. Finally, Berkshire Hathaway Inc increased its position in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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.