Domino’s Pizza (NASDAQ:DPZ) Shares Gap Down After Earnings Miss

Domino’s Pizza, Inc. (NASDAQ:DPZ) shares gapped down before the market opened on Monday following a weaker than expected earnings announcement. The stock had previously closed at $462.37, but opened at $441.00. Domino’s Pizza shares last traded at $444.45, with a volume of 554,580 shares changing hands.

The restaurant operator reported $4.89 earnings per share 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 company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Morgan Stanley lowered their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $501.41.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza in the third quarter valued at about $549,399,000. Janney Montgomery Scott LLC grew its position in Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after purchasing an additional 8,136 shares in the last quarter. Empowered Funds LLC grew its position in Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after buying an additional 1,404 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

The firm’s fifty day moving average is $441.12 and its 200 day moving average is $435.12. The firm has a market cap of $15.73 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90.

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.