Domino’s Pizza (NYSE:DPZ) Price Target Lowered to $490.00 at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its price objective lowered by analysts at Oppenheimer from $510.00 to $490.00 in a research report issued on Friday, Marketbeat reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 19.49% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Robert W. Baird upgraded Domino’s Pizza from a “neutral” rating to an “outperform” rating and increased their target price for the company from $530.00 to $580.00 in a research note on Monday, July 8th. Benchmark reduced their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. TD Cowen reiterated a “buy” rating and set a $610.00 target price on shares of Domino’s Pizza in a research note on Thursday, July 18th. Loop Capital dropped their price target on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, Stephens dropped their price target on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. One investment 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 company. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $514.18.

Domino’s Pizza Stock Performance

DPZ opened at $410.09 on Friday. The company has a market cap of $14.30 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.86. Domino’s Pizza has a 1 year low of $330.05 and a 1 year high of $542.75. The firm has a 50 day moving average price of $443.11 and a 200 day moving average price of $474.46.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 EPS. On average, sell-side analysts predict that Domino’s Pizza will post 16.23 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $36,000. Versant Capital Management Inc boosted its position in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the period. Finally, ORG Partners LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $62,000. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino’s Pizza

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.