Loop Capital Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $555.00

Domino’s Pizza (NASDAQ:DPZ) had its price target decreased by stock analysts at Loop Capital from $559.00 to $555.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s target price indicates a potential upside of 18.09% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Stephens lifted their target price on Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a research note on Tuesday. TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. BMO Capital Markets raised their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Up 3.1 %

NASDAQ:DPZ traded up $14.32 during mid-day trading on Tuesday, reaching $469.96. 486,706 shares of the company were exchanged, compared to its average volume of 600,709. The stock has a market cap of $16.23 billion, a PE ratio of 28.93, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The company has a fifty day moving average of $441.12 and a 200 day moving average of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $4.48 earnings per share. On average, equities research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc boosted its holdings in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. FMR LLC lifted its position in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. lifted its position in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares in the last quarter. Geode Capital Management LLC boosted its stake in Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares during the period. Finally, Invesco Ltd. increased its holdings in Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.