Loop Capital Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $555.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective reduced by investment analysts at Loop Capital from $559.00 to $555.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target points to a potential upside of 15.84% from the company’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Barclays raised their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $479.11 on Tuesday. The company has a fifty day moving average of $442.56 and a two-hundred day moving average of $435.66. The stock has a market capitalization of $16.54 billion, a PE ratio of 29.43, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.48 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $549,399,000. Janney Montgomery Scott LLC grew its holdings in shares of Domino’s Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC grew its holdings in shares of Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after purchasing an additional 1,762 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares during the period. Finally, Commerce Bank grew its holdings in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 shares during the period. Institutional investors and hedge funds 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.