Domino’s Pizza (NYSE:DPZ) Price Target Increased to $470.00 by Analysts at Barclays

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by investment analysts at Barclays from $405.00 to $470.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective suggests a potential downside of 8.99% from the company’s current price.

Several other research firms also recently weighed in on DPZ. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. UBS Group increased their target price on Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wedbush reiterated an “outperform” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, April 26th. Evercore ISI increased their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Gordon Haskett upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price objective on the stock in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Stock Down 2.4 %

DPZ opened at $516.42 on Tuesday. The firm has a market cap of $17.99 billion, a P/E ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75. The business’s fifty day simple moving average is $471.46 and its 200 day simple moving average is $422.01.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock worth $6,995,948 in the last three months. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. Coatue Management LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter valued at approximately $322,859,000. Norges Bank bought a new position in Domino’s Pizza during the 4th quarter worth $208,604,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after buying an additional 498,170 shares during the last quarter. TD Asset Management Inc grew its stake in Domino’s Pizza by 66.8% during the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after buying an additional 199,060 shares during the last quarter. Finally, FMR LLC grew its stake in Domino’s Pizza by 16.0% during the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after buying an additional 197,413 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

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.