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

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by investment analysts at BMO Capital Markets from $535.00 to $575.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would indicate a potential upside of 11.34% from the company’s current price.

DPZ has been the topic of several other research reports. Barclays upped their target price on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Argus raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 target price on the stock in a report on Tuesday, February 27th. UBS Group upped their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Citigroup upped their target price on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $516.42 on Tuesday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 2.75 and a beta of 0.86. The firm has a fifty day moving average of $471.46 and a 200-day moving average of $422.01.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $2.93 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts predict that Domino’s Pizza will post 15.73 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’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 transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. 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 ninety days. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in Domino’s Pizza during the 4th quarter worth approximately $25,000. Creative Financial Designs Inc. ADV raised its holdings in Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Domino’s Pizza during the 3rd quarter worth approximately $39,000. Quadrant Capital Group LLC raised its holdings in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Domino’s Pizza in the third 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.