Citigroup Cuts Domino's Pizza (NASDAQ:DPZ) Price Target to $480.00

Key Points

• Citigroup has reduced the price target for Domino's Pizza (NASDAQ:DPZ) from $500.00 to $480.00, maintaining a "neutral" rating on the stock.
• Despite the downgrade, Citigroup's target price indicates a potential upside of 10.49% based on the company’s previous close.
• Domino's Pizza reported earnings of $3.81 per share, missing expectations, while its revenue reached $1.15 billion, slightly exceeding forecasts.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target lowered by investment analysts at Citigroup from $500.00 to $480.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Citigroup's target price suggests a potential upside of 10.49% from the company's previous close.

DPZ has been the subject of a number of other research reports. Barclays raised their price target on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Benchmark lifted their price objective on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Loop Capital lifted their price objective on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Finally, Redburn Atlantic assumed coverage on Domino's Pizza in a research report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $490.04.

Domino's Pizza Stock Down 0.3%

Shares of DPZ stock opened at $434.41 on Tuesday. Domino's Pizza has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The stock has a market cap of $14.75 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.39 and a beta of 1.09. The business has a fifty day simple moving average of $452.26 and a 200-day simple moving average of $461.53.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business earned $4.03 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino's Pizza will post 16.74 earnings per share for the current year.

Insider Buying and Selling

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by company insiders.

Institutional Trading of Domino's Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management purchased a new stake in Domino's Pizza in the 1st quarter valued at about $25,000. RMG Wealth Management LLC acquired a new position in shares of Domino's Pizza in the 2nd quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Domino's Pizza in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.

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