Domino's Pizza (NASDAQ:DPZ - Get Free Report) was downgraded by investment analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research note issued to investors on Friday,Weiss Ratings reports.
Other equities analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Domino's Pizza from $425.00 to $405.00 and set an "underweight" rating for the company in a research report on Wednesday, October 8th. Melius began coverage on shares of Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. Sanford C. Bernstein increased their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada lowered their target price on shares of Domino's Pizza from $500.00 to $450.00 and set a "sector perform" rating for the company in a report on Wednesday, October 15th. Finally, Jefferies Financial Group lowered their target price on shares of Domino's Pizza from $490.00 to $455.00 and set a "hold" rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Hold" and an average target price of $489.92.
View Our Latest Report on Domino's Pizza
Domino's Pizza Stock Down 1.6%
DPZ stock opened at $414.86 on Friday. Domino's Pizza has a 52 week low of $397.12 and a 52 week high of $500.55. The company has a fifty day simple moving average of $436.64 and a two-hundred day simple moving average of $456.50. The firm has a market capitalization of $14.02 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. Domino's Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $4.19 earnings per share. Domino's Pizza's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Domino's Pizza will post 16.74 EPS for the current year.
Insiders Place Their Bets
In related news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction 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. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by insiders.
Institutional Investors Weigh In On Domino's Pizza
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Impax Asset Management Group plc bought a new stake in Domino's Pizza during the 1st quarter valued at about $633,000. Teacher Retirement System of Texas bought a new stake in Domino's Pizza during the 1st quarter valued at about $2,319,000. Charles Schwab Investment Management Inc. bought a new stake in Domino's Pizza during the 1st quarter valued at about $110,348,000. Summit Trail Advisors LLC lifted its holdings in Domino's Pizza by 157.2% during the 1st quarter. Summit Trail Advisors LLC now owns 1,597 shares of the restaurant operator's stock valued at $734,000 after buying an additional 976 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Domino's Pizza by 0.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 13,883 shares of the restaurant operator's stock valued at $6,379,000 after buying an additional 121 shares in the last quarter. Institutional investors own 94.63% of the company's stock.
Domino's Pizza Company Profile
(
Get Free Report)
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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