Domino’s Pizza (NASDAQ:DPZ) Price Target Lowered to $510.00 at Robert W. Baird

Domino’s Pizza (NASDAQ:DPZ) had its price objective decreased by Robert W. Baird from $545.00 to $510.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s target price suggests a potential upside of 6.45% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. TD Securities restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday. Oppenheimer boosted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Citigroup boosted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Up 1.9 %

NASDAQ:DPZ opened at $479.11 on Tuesday. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a market cap of $16.54 billion, a P/E ratio of 29.43, a PEG ratio of 2.47 and a beta of 0.90. The business’s 50-day moving average price is $442.56 and its two-hundred day moving average price is $435.66.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $4.48 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc bought a new position in Domino’s Pizza in the third quarter worth approximately $549,399,000. Norges Bank purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at $250,571,000. FMR LLC raised its position in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of Domino’s Pizza during the 3rd quarter worth $99,352,000. Finally, Invesco Ltd. boosted its position in Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.