Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $555.00 by Analysts at Loop Capital

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 to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target indicates a potential upside of 18.09% from the company’s previous close.

DPZ has been the subject of several other reports. Barclays upped 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. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. TD Securities reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Up 3.1 %

Shares of NASDAQ:DPZ traded up $14.32 on Tuesday, reaching $469.96. The company had a trading volume of 486,706 shares, compared to its average volume of 600,709. The stock has a market capitalization of $16.23 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.47 and a beta of 0.90. The stock has a 50-day moving average price of $441.12 and a 200 day moving average price of $435.12. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc boosted its stake in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. FMR LLC lifted its holdings in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares during the last quarter. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares in the last quarter. Geode Capital Management LLC grew its stake in Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after buying an additional 92,389 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.