Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $385.00 by Analysts at Deutsche Bank Aktiengesellschaft

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by Deutsche Bank Aktiengesellschaft from $435.00 to $385.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

DPZ has been the subject of a number of other reports. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a report on Thursday. Loop Capital lowered their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Mizuho dropped their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. The Goldman Sachs Group reduced their price objective on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Jefferies Financial Group decreased their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $405.39.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $300.88 on Thursday. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $496.00. The company’s fifty day moving average is $310.97 and its 200-day moving average is $363.09. The company has a market capitalization of $10.01 billion, a PE ratio of 17.32, a P/E/G ratio of 1.41 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.15 billion for the quarter. During the same period last year, the firm posted $4.33 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza will post 18.99 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s payout ratio is currently 45.83%.

Insider Activity

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 transaction of $151,817.38. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,463 shares of company stock valued at $466,807 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Institutional Trading of Domino’s Pizza

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

Key Domino’s Pizza News

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.