Wells Fargo & Company Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $400.00

Domino’s Pizza (NASDAQ:DPZGet Free Report) had its target price reduced by investment analysts at Wells Fargo & Company from $430.00 to $400.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.64% from the stock’s current price.

Other analysts also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Citigroup boosted their target price on Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $460.00 to $450.00 in a report on Tuesday, February 24th. UBS Group set a $500.00 price target on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Argus raised shares of Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $475.93.

View Our Latest Stock Analysis on DPZ

Domino’s Pizza Price Performance

Shares of DPZ opened at $361.54 on Tuesday. The firm has a 50 day simple moving average of $390.62 and a two-hundred day simple moving average of $408.05. Domino’s Pizza has a one year low of $346.31 and a one year high of $499.08. The company has a market cap of $12.16 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.55 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last issued its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same quarter in the previous year, the company posted $4.89 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently made changes to their positions in the company. SHP Wealth Management acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares during the period. Johnson Financial Group Inc. grew its holdings in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Domino’s Pizza during the 2nd quarter worth approximately $42,000. Finally, Arax Advisory Partners acquired a new position in Domino’s Pizza in the 4th quarter valued at approximately $42,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

Domino’s Pizza Company Profile

(Get Free Report)

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.

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