Domino's Pizza's (DPZ) "Neutral" Rating Reaffirmed at Robert W. Baird

Key Points

• Robert W. Baird reaffirmed its “Neutral” rating on Domino’s Pizza and maintained a $350 price target, implying roughly 2.4% upside from the reported $341.85 share price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $397.42. Recent target changes ranged from $315 to $423.
• Domino’s reported quarterly EPS of $4.07, below the $4.17 consensus estimate, while revenue rose 4.3% year over year to $1.19 billion; insiders sold nearly $7.9 million worth of shares over the past 90 days.

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $350.00 price target on the restaurant operator's stock. Robert W. Baird's target price suggests a potential upside of 2.38% from the stock's current price.

Several other analysts have also recently weighed in on DPZ. Barclays cut their price target on shares of Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating on the stock in a report on Monday, April 27th. BMO Capital Markets dropped their target price on shares of Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. DA Davidson cut their target price on shares of Domino's Pizza from $436.00 to $423.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Gordon Haskett reduced their price target on shares of Domino's Pizza from $440.00 to $380.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. Finally, Piper Sandler decreased their price target on shares of Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating for the company in a research note on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Hold" and a consensus price target of $397.42.

Domino's Pizza Price Performance

Domino's Pizza stock opened at $341.85 on Monday. The company has a market capitalization of $11.31 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.65 and a beta of 0.94. The firm has a 50 day moving average price of $325.62 and a 200-day moving average price of $347.13. Domino's Pizza has a twelve month low of $282.00 and a twelve month high of $469.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 EPS. The company's revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Domino's Pizza will post 18.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino's Pizza stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,254 shares of company stock worth $7,888,924. Company insiders own 0.89% of the company's stock.

Hedge Funds Weigh In On Domino's Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. SHP Wealth Management purchased a new stake in shares of Domino's Pizza in the 4th quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new position in Domino's Pizza during the second quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Domino's Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 34 shares in the last quarter. Investors Research Corp boosted its holdings in Domino's Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Domino's Pizza in the first quarter worth $31,000. Institutional investors own 94.63% of the company's stock.

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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