Robert W. Baird Has Lowered Expectations for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective reduced by equities researchers 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 target price indicates a potential upside of 6.45% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $419.00 to $559.00 in a research note on Friday, November 8th. TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday. Stephens reiterated an “equal weight” rating and set a $420.00 price target on shares of Domino’s Pizza in a report on Monday. Morgan Stanley lowered their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. 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 stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Trading Up 1.9 %

Shares of DPZ opened at $479.11 on Tuesday. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 29.43, 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 firm has a fifty day simple moving average of $442.56 and a 200 day simple moving average of $435.66.

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

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza in the third quarter worth about $549,399,000. Janney Montgomery Scott LLC boosted its holdings in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after buying an additional 8,136 shares during the period. Empowered Funds LLC grew its position in shares of 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. raised its stake in shares of Domino’s Pizza by 1.0% during 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 purchasing an additional 2,201 shares during the period. Finally, Commerce Bank boosted its stake in Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.