Citigroup Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $480.00

Domino’s Pizza (NASDAQ:DPZ) had its price target reduced by investment analysts at Citigroup from $500.00 to $480.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 8.10% from the stock’s previous close.

DPZ has been the topic of several other reports. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, April 1st. Stephens reaffirmed an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Loop Capital decreased their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Finally, Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $501.56.

Domino’s Pizza Price Performance

DPZ traded down $12.32 during trading hours on Thursday, hitting $444.03. 182,492 shares of the stock were exchanged, compared to its average volume of 622,987. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a 50-day simple moving average of $462.08 and a 200-day simple moving average of $444.03. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts expect that Domino’s Pizza will post 16.74 EPS for the current year.

Insider Activity at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after purchasing an additional 23,681 shares in the last quarter. National Bank of Canada FI raised its holdings in Domino’s Pizza by 40.5% in the 3rd quarter. National Bank of Canada FI now owns 19,409 shares of the restaurant operator’s stock worth $8,349,000 after acquiring an additional 5,599 shares during the period. MML Investors Services LLC boosted its position in shares of Domino’s Pizza by 3.5% in the third quarter. MML Investors Services LLC now owns 4,014 shares of the restaurant operator’s stock valued at $1,727,000 after acquiring an additional 137 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Domino’s Pizza by 5.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,089 shares of the restaurant operator’s stock worth $6,921,000 after buying an additional 901 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Domino’s Pizza by 16.6% during the third quarter. Toronto Dominion Bank now owns 15,178 shares of the restaurant operator’s stock worth $6,529,000 after purchasing an additional 2,161 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.