Domino's Pizza (NASDAQ:DPZ) Price Target Cut to $440.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Domino's to $440 (from $450) while keeping an "overweight" rating, implying roughly an 18.8% upside from the stock's current price.
• Analysts are mixed: several firms have trimmed targets recently and the consensus rating is "Hold" with a consensus price target of $465.37.
• Domino's traded around $370.35 mid-day, below analyst targets; the company slightly missed quarterly EPS ($5.35 vs. $5.38) while revenue rose 6.4%, and it has a market cap of about $12.45 billion with ~94.6% institutional ownership.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $450.00 to $440.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 18.81% from the company's current price.

A number of other research analysts also recently weighed in on DPZ. Benchmark cut their price objective on Domino's Pizza from $540.00 to $465.00 and set a "buy" rating on the stock in a research note on Monday. Wells Fargo & Company lowered their price target on Domino's Pizza from $430.00 to $400.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 31st. William Blair set a $540.00 price target on shares of Domino's Pizza in a research report on Monday, February 23rd. Royal Bank Of Canada reduced their price objective on shares of Domino's Pizza from $425.00 to $400.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 15th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Domino's Pizza in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $465.37.

Domino's Pizza Trading Down 0.5%

Domino's Pizza stock traded down $2.05 during mid-day trading on Friday, hitting $370.35. 281,410 shares of the company's stock were exchanged, compared to its average volume of 892,004. Domino's Pizza has a 1-year low of $346.31 and a 1-year high of $499.08. The stock has a 50 day moving average of $380.92 and a two-hundred day moving average of $401.44. The stock has a market cap of $12.45 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.60 and a beta of 1.18.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts' consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion during the quarter. Domino's Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino's Pizza's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.89 earnings per share. As a group, research analysts predict that Domino's Pizza will post 19.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Berkshire Hathaway Inc grew its stake in shares of Domino's Pizza by 12.3% in 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 last quarter. T. Rowe Price Investment Management Inc. raised its stake 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 valued at $837,091,000 after purchasing an additional 7,497 shares during the last quarter. Principal Financial Group Inc. raised its stake in Domino's Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator's stock valued at $760,939,000 after purchasing an additional 30,647 shares during the last quarter. State Street Corp boosted its holdings in Domino's Pizza by 3.8% in the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator's stock valued at $570,595,000 after purchasing an additional 49,613 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 worth $432,033,000 after purchasing an additional 19,019 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.