Jefferies Financial Group Trims Domino’s Pizza (NYSE:DPZ) Target Price to $450.00

Domino’s Pizza (NYSE:DPZ) had its target price dropped by analysts at Jefferies Financial Group from $455.00 to $450.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 4.02% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets dropped their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup dropped 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 research report on Friday. Wedbush reiterated an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $489.55.

Domino’s Pizza Trading Up 5.8 %

NYSE DPZ traded up $23.87 during mid-day trading on Friday, reaching $432.62. 877,323 shares of the company’s stock traded hands, compared to its average volume of 614,254. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75. The company has a fifty day simple moving average of $421.61 and a 200-day simple moving average of $469.81.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $4.18 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP boosted its stake in Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after acquiring an additional 4,201 shares in the last quarter. Bessemer Group Inc. lifted its position in Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares during the period. Assenagon Asset Management S.A. increased its holdings in Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after buying an additional 44,688 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Domino’s Pizza by 18.7% during the first quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock valued at $27,518,000 after buying an additional 8,744 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.