Barclays Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by Barclays from $425.00 to $420.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective would indicate a potential downside of 12.75% from the stock’s current price.

Several other research firms have also weighed in on DPZ. BTIG Research set a $530.00 price objective on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Monday. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. BMO Capital Markets lifted their price objective on Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a report on Tuesday. Guggenheim raised their target price on shares of Domino’s Pizza from $450.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, April 22nd. Finally, Argus restated a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $498.50.

Domino’s Pizza Stock Performance

DPZ opened at $481.39 on Wednesday. The company has a fifty day moving average price of $464.42 and a two-hundred day moving average price of $449.81. The firm has a market capitalization of $16.51 billion, a PE ratio of 29.57, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $3.58 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza will post 16.74 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after buying an additional 1,104,744 shares in the last quarter. Norges Bank bought a new position in Domino’s Pizza during the fourth quarter worth about $250,571,000. GAMMA Investing LLC raised its stake in Domino’s Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock worth $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Invesco Ltd. boosted its holdings in Domino’s Pizza by 46.0% in the 4th 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 during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $56,647,000. 94.63% of the stock is currently owned by institutional investors.

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.