Loop Capital Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective decreased by stock analysts at Loop Capital from $559.00 to $555.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s target price would indicate a potential upside of 15.84% from the stock’s current price.

A number of other research analysts have also weighed in on DPZ. TD Securities reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Robert W. Baird cut their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday. TD Cowen reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Stephens lifted their price objective on shares of Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $479.11 on Tuesday. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a 50-day moving average price of $442.56 and a two-hundred day moving average price of $435.66.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KG&L Capital Management LLC grew its stake in shares of Domino’s Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Domino’s Pizza by 2.0% during 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 during the period. Greenleaf Trust lifted its holdings in Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Domino’s Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 28 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.