Robert W. Baird Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $510.00

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by analysts at Robert W. Baird from $545.00 to $510.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price objective would indicate a potential upside of 11.93% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Barclays decreased their price objective on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday. Citigroup increased their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Morgan Stanley lowered their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.00.

Domino’s Pizza Trading Down 1.5 %

Domino’s Pizza stock opened at $455.64 on Tuesday. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The business’s fifty day simple moving average is $441.12 and its two-hundred day simple moving average is $435.12. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $4.48 earnings per share. On average, equities research analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. KG&L Capital Management LLC raised its position in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust increased its stake in Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after acquiring an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other 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.