Domino’s Pizza (NYSE:DPZ) PT Raised to $580.00 at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its target price boosted by equities research analysts at Oppenheimer from $530.00 to $580.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 12.31% from the stock’s current price.

Several other research firms have also commented on DPZ. UBS Group increased their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. Citigroup boosted their price objective on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets boosted their price objective on shares of Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Trading Down 2.4 %

Domino’s Pizza stock opened at $516.42 on Tuesday. The firm’s 50 day simple moving average is $471.46 and its 200 day simple moving average is $422.01. The firm has a market capitalization of $17.99 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $542.75.

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, topping analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 EPS. Research analysts forecast that Domino’s Pizza will post 15.73 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’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 transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the company’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 value of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 13,401 shares of company stock worth $6,995,948. 0.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Exchange Traded Concepts LLC boosted its position in shares of Domino’s Pizza by 284.4% during the third quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 182 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Domino’s Pizza by 7.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock valued at $5,745,000 after purchasing an additional 1,050 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Domino’s Pizza by 37.1% during the third quarter. Commonwealth Equity Services LLC now owns 7,462 shares of the restaurant operator’s stock valued at $2,827,000 after purchasing an additional 2,020 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Domino’s Pizza by 18.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,621 shares of the restaurant operator’s stock valued at $4,402,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Domino’s Pizza by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,144 shares of the restaurant operator’s stock valued at $9,146,000 after purchasing an additional 2,908 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

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.