Citigroup Lowers Domino’s Pizza (NYSE:DPZ) to Hold

Domino’s Pizza (NYSE:DPZ) was downgraded by equities research analysts at Citigroup to a “hold” rating in a research report issued to clients and investors on Friday, TipRanks reports.

Several other analysts also recently commented on the stock. Bank of America set a $295.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, October 9th. BTIG Research set a $325.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, October 9th. Maxim Group set a $280.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Tuesday, October 8th. Oppenheimer set a $295.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Credit Suisse Group lowered their target price on shares of Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. Domino’s Pizza currently has a consensus rating of “Buy” and a consensus price target of $287.00.

DPZ traded down $5.95 during trading on Friday, hitting $251.84. 21,499 shares of the company’s stock were exchanged, compared to its average volume of 1,157,515. The business’s 50 day moving average is $239.53 and its two-hundred day moving average is $259.79. Domino’s Pizza has a fifty-two week low of $220.90 and a fifty-two week high of $302.05. The stock has a market cap of $10.42 billion, a P/E ratio of 29.93, a PEG ratio of 1.84 and a beta of 0.50.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Domino’s Pizza had a negative return on equity of 12.92% and a net margin of 10.79%. The business had revenue of $820.81 million for the quarter, compared to analyst estimates of $827.23 million. During the same quarter in the previous year, the company posted $1.95 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Domino’s Pizza will post 9.41 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Doyle Wealth Management purchased a new stake in Domino’s Pizza during the second quarter worth about $30,000. NEXT Financial Group Inc increased its holdings in Domino’s Pizza by 85.7% during the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after buying an additional 60 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in Domino’s Pizza by 36.2% during the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after buying an additional 55 shares during the last quarter. Advisory Services Network LLC increased its holdings in Domino’s Pizza by 791.4% during the second quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after buying an additional 277 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. purchased a new stake in Domino’s Pizza during the second quarter worth about $88,000. Institutional investors and hedge funds own 95.06% 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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