TD Cowen Issues Pessimistic Forecast for Domino's Pizza (NASDAQ:DPZ) Stock Price

Key Points

• TD Cowen cut its price target on Domino's from $450 to $400 and kept a "hold" rating, with the new target implying roughly an 8.45% upside from the current share price.
• Analyst consensus remains more positive overall — a "Moderate Buy" with an average target of $473.15 and a breakdown of 2 Strong Buy, 11 Buy, 13 Hold and 1 Sell.
• Domino's recently reported an EPS of $5.35 (vs. $5.38 expected) on $1.54B revenue, has a market cap of $12.4B, and shares trade around $368.83 within a 12‑month range of $346.31–$499.08.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective lowered by equities research analysts at TD Cowen from $450.00 to $400.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. TD Cowen's price objective points to a potential upside of 8.45% from the company's current price.

DPZ has been the topic of several other research reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $470.00 price target on shares of Domino's Pizza in a report on Tuesday, February 24th. Guggenheim cut their price target on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a report on Wednesday, February 25th. Weiss Ratings restated a "hold (c)" rating on shares of Domino's Pizza in a report on Friday, March 27th. William Blair set a $540.00 target price on shares of Domino's Pizza in a research report on Monday, February 23rd. Finally, Argus raised shares of Domino's Pizza to a "hold" rating in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $473.15.

Domino's Pizza Stock Up 0.8%

NASDAQ:DPZ opened at $368.83 on Tuesday. The stock has a market cap of $12.40 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. The firm's fifty day simple moving average is $384.59 and its 200 day simple moving average is $404.51. Domino's Pizza has a twelve month low of $346.31 and a twelve month high of $499.08.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The company 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%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.89 EPS. On average, analysts expect that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Institutional Trading of Domino's Pizza

Hedge funds and other institutional investors have recently modified their holdings of the business. Berkshire Hathaway Inc boosted its stake in Domino's Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock worth $1,396,347,000 after purchasing an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Domino's Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock worth $837,091,000 after purchasing an additional 7,497 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino's Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator's stock worth $760,939,000 after purchasing an additional 30,647 shares in the last quarter. State Street Corp boosted its stake 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 worth $570,595,000 after purchasing an additional 49,613 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Company Profile

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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