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

Domino’s Pizza (NASDAQ:DPZ) had its price target cut by Robert W. Baird from $510.00 to $500.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s target price suggests a potential upside of 12.56% from the company’s previous close.

DPZ has been the topic of several other reports. Oppenheimer boosted their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stephens reiterated an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. Loop Capital reduced their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Barclays raised their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $503.04.

Domino’s Pizza Stock Down 4.2 %

Shares of NASDAQ DPZ opened at $444.21 on Monday. The company has a market capitalization of $15.24 billion, a PE ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a fifty day simple moving average of $461.64 and a 200 day simple moving average of $443.50.

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

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 in the last quarter. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in Domino’s Pizza by 6,462.5% in the 1st quarter. Versant Capital Management Inc now owns 525 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 517 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Domino’s Pizza by 4.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,811 shares of the restaurant operator’s stock worth $832,000 after buying an additional 70 shares in the last quarter. Fairtree Asset Management Pty Ltd bought a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $832,000. Wealth Enhancement Advisory Services LLC grew its stake in Domino’s Pizza by 123.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,829 shares of the restaurant operator’s stock valued at $4,126,000 after acquiring an additional 5,422 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Domino’s Pizza during the 4th quarter worth approximately $4,645,000. 94.63% of the stock is currently 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.