Domino’s Pizza (NASDAQ:DPZ – Get Free Report) had its price target lowered by analysts at JPMorgan Chase & Co. from $430.00 to $380.00 in a report issued on Tuesday,MarketScreener reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 32.08% from the company’s previous close.
DPZ has been the subject of a number of other research reports. Mizuho cut their target price on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. DA Davidson cut their price objective on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Piper Sandler reduced their price objective 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. Finally, Northcoast Research lowered their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $412.97.
Check Out Our Latest Stock Report on DPZ
Domino’s Pizza Stock Down 2.5%
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same period in the previous year, the business earned $4.33 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Domino’s Pizza will post 19.07 earnings per share for the current fiscal year.
Insider Buying and Selling at Domino’s Pizza
In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,915,392.48. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 1,463 shares of company stock valued at $466,807. Insiders own 0.89% of the company’s stock.
Hedge Funds Weigh In On Domino’s Pizza
A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Domino’s Pizza by 130.3% during the first quarter. Empowered Funds LLC now owns 18,625 shares of the restaurant operator’s stock valued at $6,682,000 after acquiring an additional 10,538 shares in the last quarter. Parallel Advisors LLC raised its holdings in Domino’s Pizza by 955.5% in the 1st quarter. Parallel Advisors LLC now owns 11,262 shares of the restaurant operator’s stock worth $4,041,000 after purchasing an additional 10,195 shares in the last quarter. First Nebraska Trust Co bought a new position in Domino’s Pizza in the 1st quarter worth $10,704,000. Alpine Woods Capital Investors LLC lifted its position in shares of Domino’s Pizza by 11.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 4,065 shares of the restaurant operator’s stock worth $1,458,000 after purchasing an additional 416 shares during the period. Finally, Ritter Alpha LP bought a new stake in shares of Domino’s Pizza during the 1st quarter valued at about $276,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Domino’s Pizza News Summary
Here are the key news stories impacting Domino’s Pizza this week:
- Positive Sentiment: BTIG Research kept its buy rating on Domino’s Pizza and still sees meaningful upside, even after trimming its price target to $425 from $450. BTIG price target cut on Domino’s Pizza
- Positive Sentiment: Robert W. Baird also maintained a constructive view with an outperform rating, though it lowered its target to $350 from $400. Baird price target cut on Domino’s Pizza
- Neutral Sentiment: Domino’s announced a CEO succession plan, with veteran insider Joe Jordan set to become CEO while Russell Weiner transitions to executive chairman; the move is designed to provide continuity during a tougher sales environment. Domino’s Announces CEO Succession Plan
- Neutral Sentiment: Media coverage noted that Domino’s chose an insider as its new CEO, framing the appointment as a leadership change meant to navigate a challenging period for the business. Wall Street Journal article on Domino’s CEO appointment
- Negative Sentiment: Investors appear concerned that the CEO transition reflects slowing pizza sales and a tougher near-term operating backdrop, which can weigh on sentiment for DPZ. Domino’s names veteran executive as new CEO amid slowing pizza sales
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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