Domino’s Pizza (NYSE:DPZ) Stock Rating Lowered by Argus

Domino’s Pizza (NYSE:DPZ) was downgraded by Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other brokerages also recently commented on DPZ. ValuEngine downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Credit Suisse Group dropped their target price on Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wedbush restated an “outperform” rating and set a $280.00 price objective on shares of Domino’s Pizza in a report on Friday, October 4th. Wells Fargo & Co dropped their price objective on Domino’s Pizza from $267.00 to $261.00 and set a “market perform” rating on the stock in a report on Wednesday, October 2nd. Finally, Longbow Research set a $320.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $289.00.

Shares of NYSE:DPZ opened at $254.05 on Wednesday. The company has a market cap of $10.47 billion, a P/E ratio of 30.17, a PEG ratio of 1.84 and a beta of 0.50. Domino’s Pizza has a one year low of $220.90 and a one year high of $302.05. The business’s 50-day simple moving average is $239.00 and its 200 day simple moving average is $259.70.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). The company had revenue of $820.81 million for the quarter, compared to analysts’ expectations of $827.23 million. Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. Equities research analysts expect that Domino’s Pizza will post 9.38 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of DPZ. Morgan Stanley boosted its position in Domino’s Pizza by 51.2% during the 2nd quarter. Morgan Stanley now owns 291,648 shares of the restaurant operator’s stock valued at $81,160,000 after purchasing an additional 98,716 shares during the period. Stevens Capital Management LP boosted its position in Domino’s Pizza by 124.6% during the 2nd quarter. Stevens Capital Management LP now owns 3,416 shares of the restaurant operator’s stock worth $951,000 after acquiring an additional 1,895 shares during the period. Victory Capital Management Inc. boosted its position in Domino’s Pizza by 62.2% during the 2nd quarter. Victory Capital Management Inc. now owns 353,333 shares of the restaurant operator’s stock worth $98,325,000 after acquiring an additional 135,497 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in Domino’s Pizza during the 2nd quarter worth $3,862,000. Finally, LPL Financial LLC boosted its position in Domino’s Pizza by 226.9% during the 2nd quarter. LPL Financial LLC now owns 11,099 shares of the restaurant operator’s stock worth $3,089,000 after acquiring an additional 7,704 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

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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