Deutsche Bank Reiterates “$208.00” Price Target for Domino’s Pizza (NYSE:DPZ)

Domino’s Pizza (NYSE:DPZ) has been given a $208.00 price target by equities researchers at Deutsche Bank in a research report issued on Monday, TipRanks reports. The brokerage presently has a “sell” rating on the restaurant operator’s stock. Deutsche Bank’s price target suggests a potential downside of 16.50% from the stock’s previous close.

DPZ has been the subject of several other reports. Longbow Research set a $320.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a research note on Monday, August 26th. Stephens decreased their target price on Domino’s Pizza from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Argus lowered their price target on Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. ValuEngine cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer reduced their price objective on Domino’s Pizza from $310.00 to $295.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $287.54.

Shares of NYSE DPZ traded up $5.52 during trading on Monday, hitting $249.09. The company had a trading volume of 738,337 shares, compared to its average volume of 841,350. The stock has a fifty day simple moving average of $239.69 and a two-hundred day simple moving average of $260.36. Domino’s Pizza has a fifty-two week low of $220.90 and a fifty-two week high of $302.05. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.48.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.19. The firm had revenue of $811.65 million during the quarter, compared to the consensus estimate of $834.87 million. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. Sell-side analysts predict that Domino’s Pizza will post 9.43 EPS for the current year.

Several hedge funds have recently made changes to their positions in DPZ. Profund Advisors LLC increased its holdings in shares of Domino’s Pizza by 1.2% during the 2nd quarter. Profund Advisors LLC now owns 4,604 shares of the restaurant operator’s stock worth $1,281,000 after buying an additional 54 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Domino’s Pizza by 36.2% in the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 55 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Domino’s Pizza by 3.7% in the second quarter. Independent Advisor Alliance now owns 1,660 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 59 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Domino’s Pizza by 12.3% in the first quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 60 shares during the last quarter. Finally, NEXT Financial Group Inc grew its position in Domino’s Pizza by 85.7% in the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 60 shares during the period. 95.96% 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 delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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