Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $295.00 by Analysts at TD Cowen

Domino’s Pizza (NASDAQ:DPZ) had its price objective reduced by TD Cowen from $350.00 to $295.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other analysts have also recently commented on DPZ. Loop Capital decreased their price target on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. UBS Group dropped their price objective on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Gordon Haskett lowered their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. BMO Capital Markets dropped their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Citigroup dropped their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $405.39.

Domino’s Pizza Trading Down 0.5%

NASDAQ:DPZ opened at $300.88 on Thursday. The business’s fifty day moving average price is $310.97 and its 200 day moving average price is $363.09. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.41 and a beta of 0.97. Domino’s Pizza has a 1-year low of $282.00 and a 1-year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion for the quarter. During the same period in the previous year, the firm earned $4.33 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza will post 18.99 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the period. Soroban Capital Partners LP bought a new stake in Domino’s Pizza during the 1st quarter valued at approximately $895,251,000. T. Rowe Price Investment Management Inc. grew its holdings in Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after buying an additional 7,497 shares during the last quarter. State Street Corp grew its holdings in Domino’s Pizza by 3.8% in the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after buying an additional 49,613 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Domino’s Pizza by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after buying an additional 19,019 shares during the period. Institutional investors own 94.63% of the company’s stock.

Key Headlines Impacting Domino’s Pizza

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

• Positive Sentiment: Deutsche Bank lowered its price target to $385 from $435 but kept a buy rating, signaling it still sees meaningful upside from the current share price. Article Title
• Neutral Sentiment: Domino’s is facing a fresh valuation test after Russell index changes, which may be adding volatility but does not clearly change the company’s operating outlook.
• Neutral Sentiment: The company named Joe Jordan to a top role as its China expansion continues, a development that could support long-term growth but is not likely to move the stock immediately. Article Title
• Negative Sentiment: TD Cowen cut its price target to $295 from $350 and downgraded Domino’s to hold, implying limited near-term upside and reinforcing investor caution. Article Title
• Negative Sentiment: UBS said Domino’s likely faces weaker-than-expected U.S. same-store sales in the second quarter due to macro pressures, stronger promotions, and tougher comparisons, with investors focused on the company’s recovery plans ahead of earnings. Article Title

About Domino’s Pizza

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.