Domino’s Pizza, a popular restaurant operator, recently had its target price reduced by Citigroup in a report issued on September 30, 2023. The target price was lowered from $431.00 to $398.00, indicating a potential upside of 4.16% from the company’s previous close.
As of Friday, the shares of DPZ stock opened at $382.12. Over the past twelve months, Domino’s Pizza has seen its stock fluctuate between a low of $285.84 and a high of $409.95. The company currently has a 50-day moving average price of $389.83 and a 200-day moving average price of $346.35. With a market cap of $13.41 billion, Domino’s Pizza has a price-to-earnings ratio of 28.88, a PEG ratio of 2.13, and a beta of 0.85.
Various institutional investors and hedge funds have made modifications to their holdings of DPZ recently. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Domino’s Pizza by 6.6% during the first quarter, while Cibc World Market Inc increased its position by 15.3% during the same period. Sei Investments Co also lifted its holdings by 2.3% in the first quarter, while Aviva PLC grew its holdings by 35.3%. Furthermore, Canada Pension Plan Investment Board took an interest in Domino’s Pizza and now owns 1,800 shares.
In terms of financial performance, Domino’s Pizza last reported its quarterly earnings results on July 24th, where it exceeded analysts’ expectations with earnings per share (EPS) of $3.08 for the quarter compared to the consensus estimate of $3.06 EPS—an excess of $0.02 per share.
The company generated revenue totaling approximately $1.02 billion during the quarter, slightly below analysts’ expectations of $1.07 billion. Domino’s Pizza also reported a net margin of 10.49% and a negative return on equity of 11.24%. Comparing the figures to the previous year, the business experienced a 3.8% decrease in revenue for the quarter. In the same quarter of the prior year, Domino’s Pizza posted EPS of $2.82.
Equities research analysts predict that Domino’s Pizza will ultimately post earnings per share (EPS) of 13.74 for the current year.
In summary, while Citigroup reduced its target price for Domino’s Pizza, there remains potential upside for investors in this leading restaurant operator’s stock. The company has shown resilience despite challenges faced during the past year and continues to attract attention from institutional investors and hedge funds who have adjusted their holdings accordingly. With favorable earnings results and a positive outlook for EPS in the coming year, Domino’s Pizza remains an intriguing investment option within the market.
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Insights and Ratings on Domino’s Pizza: Analyst Opinions and Insider Transactions Shape Future Outlook
In recent news, a number of equities analysts have shared their opinions on Domino’s Pizza (DPZ), providing insight into the company’s current standing and future potential. According to StockNews.com, which began covering DPZ on August 17th, they have assigned a “hold” rating to the company. Meanwhile, Stephens has reaffirmed an “equal weight” rating with a price objective of $365.00 as of August 31st.
Wells Fargo & Company also chimed in on DPZ, increasing their target price from $310.00 to $375.00 on July 13th, indicating positive sentiment towards the stock. Likewise, TD Cowen has given an “outperform” rating and set a price target of $450.00 as of September 20th.
Morgan Stanley is yet another financial institution that has expressed optimism regarding Domino’s Pizza shares. They raised their price objective from $425.00 to $440.00 and bestowed an “overweight” rating upon the company on July 25th.
However, it is important to note that not all analysts are completely bullish on DPZ, as one equities research analyst has rated the stock as a sell. Nonetheless, twelve analysts have assigned a hold rating while fourteen analysts believe in the potential of DPZ and have given it a buy rating.
According to data compiled by Bloomberg.com, the average rating for DPZ among these analysts is currently listed as “Hold,” with an average price target of $397.04.
Additionally, in other news surrounding Domino’s Pizza, executive vice president Cynthia A. Headen sold 382 shares of the company’s stock on July 12th at an average price of $400 per share, resulting in a total transaction value of $152,800.
Following this sale, Headen now holds approximately 4,333 shares in Domino’s Pizza directly, which are valued at around $1,733,200. These transactions were disclosed in a document filed with the SEC and can be accessed through their official website.
It is worth mentioning that company insiders have collectively sold 427 shares of Domino’s Pizza stock during the previous quarter, amounting to a total value of $170,095. As it stands, insiders own approximately 0.76% of the company’s stock.
As investors and market participants digest this information, it remains imperative to consider the varying opinions and ratings provided by industry experts. The outlook for Domino’s Pizza will undoubtedly be shaped by factors such as financial performance, market trends, and consumer dynamics within the highly competitive fast food industry.
