Domino’s Pizza (NASDAQ:DPZ – Get Free Report) had its price objective raised by investment analysts at Wells Fargo & Company from $325.00 to $350.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target points to a potential upside of 9.43% from the company’s previous close.
Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Mizuho lowered their price target on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday. Citigroup dropped their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Eighteen investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $402.16.
Domino’s Pizza Stock Performance
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict 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 company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,950 shares of company stock valued at $611,451 in the last 90 days. 0.89% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Domino’s Pizza
Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new stake in shares of Domino’s Pizza in the second quarter worth about $3,183,000. Investment Management Corp of Ontario lifted its holdings in Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares in the last quarter. Sei Investments Co. boosted its position in Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the last quarter. Glenview Trust co boosted its holdings in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC grew 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 buying an additional 195 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza News Roundup
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.
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