Robert W. Baird Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $500.00

Domino’s Pizza (NASDAQ:DPZ) had its price target lowered by stock analysts at Robert W. Baird from $510.00 to $500.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target would suggest a potential upside of 16.08% from the stock’s current price.

A number of other research analysts have also commented on the stock. Citigroup boosted their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Barclays upped their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Morgan Stanley cut their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $503.04.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $430.72 on Monday. The company has a market capitalization of $14.77 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company’s 50-day moving average is $461.83 and its 200 day moving average is $443.70. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

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

Insider Activity

In other news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at $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. Over the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd grew its stake in shares of Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.