Domino's Pizza (NASDAQ:DPZ) Price Target Lowered to $470.00 at Mizuho

Key Points

• Mizuho cut its price target for Domino's Pizza from $500 to $470 but kept an "outperform" rating, implying roughly a 26% upside from the stock's previous close.
• Several other brokers have trimmed targets and the Street consensus is a Hold with a consensus price target of $464.26 (11 Buys, 13 Holds, 1 Sell).
• Shares trade around $372.88 with a $12.54B market cap and a P/E of 21.2; Domino's posted a slight EPS miss ($5.35 vs. $5.38) on $1.54B in revenue, up 6.4% year-over-year.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target reduced by analysts at Mizuho from $500.00 to $470.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has an "outperform" rating on the restaurant operator's stock. Mizuho's price objective indicates a potential upside of 26.05% from the stock's previous close.

A number of other brokerages have also recently issued reports on DPZ. UBS Group dropped their price objective on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating on the stock in a report on Wednesday, April 15th. Hovde Group set a $460.00 price target on Domino's Pizza in a research report on Monday, January 5th. BTIG Research restated a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, February 24th. JPMorgan Chase & Co. cut their price objective on Domino's Pizza from $450.00 to $440.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Guggenheim lowered their target price on Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $464.26.

Domino's Pizza Trading Up 0.1%

Domino's Pizza stock traded up $0.49 during trading on Wednesday, hitting $372.88. 614,842 shares of the company were exchanged, compared to its average volume of 896,013. The company has a market capitalization of $12.54 billion, a P/E ratio of 21.24, a PEG ratio of 1.60 and a beta of 1.18. The business's 50 day moving average is $380.92 and its 200 day moving average is $401.44. Domino's Pizza has a 52 week low of $346.31 and a 52 week high of $499.08.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Huntleigh Advisors Inc. raised its position in shares of Domino's Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator's stock valued at $221,000 after buying an additional 25 shares during the period. Lafayette Investments Inc. raised its position in shares of Domino's Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator's stock valued at $412,000 after buying an additional 26 shares during the period. Ritholtz Wealth Management raised its position in shares of Domino's Pizza by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator's stock valued at $1,028,000 after buying an additional 27 shares during the period. Parallel Advisors LLC raised its position in shares of Domino's Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator's stock valued at $417,000 after buying an additional 27 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Domino's Pizza by 1.2% during the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator's stock valued at $1,000,000 after buying an additional 28 shares during the period. 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.

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