Domino’s Pizza (NYSE:DPZ) PT Raised to $575.00

Domino’s Pizza (NYSE:DPZ) had its price target upped by Benchmark from $510.00 to $575.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Benchmark’s target price would indicate a potential upside of 11.34% from the company’s previous close.

A number of other research analysts have also issued reports on DPZ. Citigroup lifted their target price on Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Evercore ISI lifted their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a report on Tuesday, January 16th. Stephens reaffirmed an “equal weight” rating and set a $479.00 target price on shares of Domino’s Pizza in a report on Monday. Finally, Piper Sandler lifted their target price on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $516.42 on Tuesday. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a one year low of $285.84 and a one year high of $542.75. The stock’s fifty day moving average is $471.46 and its 200-day moving average is $422.01.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $2.93 earnings per share. Analysts forecast that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The disclosure for this sale can be found here. Insiders sold a total of 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

Several institutional investors have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV raised its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at approximately $39,000. Quadrant Capital Group LLC raised its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at approximately $49,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.