BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective reduced by equities researchers at BMO Capital Markets from $450.00 to $420.00 in a research report issued on Tuesday, Marketbeat reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective indicates a potential upside of 31.32% from the company’s previous close.

DPZ has been the subject of several other research reports. Barclays cut their target price on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Rothschild & Co Redburn decreased their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Citigroup dropped their price objective on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $319.83 on Tuesday. The company has a 50-day moving average of $309.79 and a 200-day moving average of $356.34. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $486.68. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.61 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. Sell-side analysts forecast that Domino’s Pizza will post 18.86 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,777,637.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 1,950 shares of company stock worth $611,451. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of DPZ. SHP Wealth Management acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake 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 purchasing an additional 34 shares in the last quarter. Investors Research Corp increased its stake in Domino’s Pizza by 9,900.0% during the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza during the 1st quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in Domino’s Pizza by 450.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Key Domino’s Pizza News

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

• Positive Sentiment: Domino’s reported quarterly revenue of about $1.19 billion, topping estimates and signaling that sales momentum is holding up better than expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Analysts responded with multiple price-target updates that still imply meaningful upside, including BMO, Oppenheimer, Wells Fargo and BTIG, which supports the stock after earnings. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Some commentary highlighted strong free cash flow and attractive valuation, suggesting investors may view DPZ as inexpensive relative to its earnings power. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?
• Neutral Sentiment: Domino’s launched S’mores Lava Cakes nationwide, a marketing/menu move that could help traffic but is not a major near-term earnings catalyst. Domino’s Pizza (DPZ) Launches S’mores Lava Cakes Nationwide Across The U.S.
• Negative Sentiment: Adjusted EPS missed consensus, and several reports said the outlook remains murky due to weaker ticket trends, promotion pressure and higher costs. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Negative Sentiment: CEO Russell Weiner sold 10,850 shares for about $3.6 million, which may raise some investor caution about insider sentiment. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

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.