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

Domino’s Pizza (NASDAQ:DPZ) had its target price decreased by stock analysts at Citigroup from $365.00 to $335.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 9.51% from the company’s current price.

Other analysts also recently issued reports about the stock. Northcoast Research decreased their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Sanford C. Bernstein cut their price target on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 27th. Evercore decreased their price objective on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Finally, Benchmark lowered their target price on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $410.39.

Domino’s Pizza Price Performance

DPZ opened at $305.91 on Tuesday. The company has a market capitalization of $10.17 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. Domino’s Pizza has a fifty-two week low of $282.00 and a fifty-two week high of $496.00. The business has a 50-day moving average of $313.51 and a 200-day moving average of $365.80.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same period last year, the firm posted $4.33 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza will post 18.99 earnings per share for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,463 shares of company stock worth $466,807 in the last three months. 0.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently made changes to their positions in the business. Jump Financial LLC bought a new position in Domino’s Pizza in the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario grew its stake in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares during the last quarter. Sei Investments Co. raised its stake in Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co raised its stake in Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its holdings in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.