Domino's Pizza (NYSE:DPZ – Get Rating) had its price target reduced by equities research analysts at Oppenheimer from $445.00 to $415.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has an "outperform" rating on the restaurant operator's stock. Oppenheimer's price target would indicate a potential upside of 25.53% from the stock's previous close. Oppenheimer also issued estimates for Domino's Pizza's Q3 2022 earnings at $2.86 EPS, Q4 2022 earnings at $4.05 EPS, FY2022 earnings at $12.23 EPS and FY2023 earnings at $14.22 EPS.
Several other analysts have also recently commented on DPZ. Robert W. Baird set a $435.00 target price on shares of Domino's Pizza in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino's Pizza from $421.00 to $373.00 and set a "hold" rating on the stock in a report on Thursday, September 22nd. Credit Suisse Group upped their target price on shares of Domino's Pizza to $425.00 in a research note on Friday, July 22nd. Stifel Nicolaus upped their target price on shares of Domino's Pizza from $345.00 to $400.00 in a research note on Monday, July 18th. Finally, BMO Capital Markets raised shares of Domino's Pizza from a "market perform" rating to an "outperform" rating and set a $430.00 price objective for the company in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $426.32.
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Domino's Pizza Stock Up 4.5 %
NYSE DPZ opened at $330.61 on Monday. Domino's Pizza has a 52-week low of $300.63 and a 52-week high of $567.57. The business's 50-day moving average price is $369.96 and its 200 day moving average price is $375.91. The firm has a market cap of $11.86 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.24 and a beta of 0.68.
Domino's Pizza (NYSE:DPZ – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $2.82 EPS for the quarter, missing analysts' consensus estimates of $2.88 by ($0.06). Domino's Pizza had a net
margin of 10.63% and a negative return on equity of 11.24%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $3.12 EPS. Domino's Pizza's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts anticipate that Domino's Pizza will post 12.56 earnings per share for the current year.
Insider Buying and Selling at Domino's Pizza
In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the company's stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $409.26, for a total value of $42,153.78. Following the transaction, the executive vice president now owns 3,090 shares in the company, valued at approximately $1,264,613.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the company's stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $409.26, for a total value of $42,153.78. Following the transaction, the executive vice president now owns 3,090 shares in the company, valued at approximately $1,264,613.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Balson sold 4,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the transaction, the director now owns 6,870 shares in the company, valued at approximately $2,660,338.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,190 shares of company stock worth $1,625,744. 1.12% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC increased its stake in shares of Domino's Pizza by 1.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,860 shares of the restaurant operator's stock worth $1,978,000 after purchasing an additional 50 shares during the last quarter. BlackRock Inc. grew its stake in Domino's Pizza by 6.5% in the 4th quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator's stock valued at $1,997,609,000 after buying an additional 215,128 shares during the last quarter. Brinker Capital Investments LLC grew its stake in Domino's Pizza by 15.6% in the 2nd quarter. Brinker Capital Investments LLC now owns 6,765 shares of the restaurant operator's stock valued at $2,636,000 after buying an additional 915 shares during the last quarter. Veriti Management LLC grew its stake in Domino's Pizza by 46.4% in the 2nd quarter. Veriti Management LLC now owns 1,895 shares of the restaurant operator's stock valued at $739,000 after buying an additional 601 shares during the last quarter. Finally, Resources Investment Advisors LLC. acquired a new position in Domino's Pizza in the 4th quarter valued at $210,000. Institutional investors and hedge funds own 96.44% of the company's stock.
Domino's Pizza Company Profile
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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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