Domino’s Pizza (NYSE:DPZ) PT Raised to $583.00 at HSBC

Domino’s Pizza (NYSE:DPZ) had its target price boosted by analysts at HSBC from $507.00 to $583.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. HSBC’s target price would indicate a potential upside of 12.89% from the stock’s previous close.

Several other research analysts have also commented on the company. Oppenheimer lifted their price target on Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets upped 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. Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price objective on the stock in a research report on Tuesday, January 16th. UBS Group raised their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group raised their price objective on Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $516.19.

Domino’s Pizza Price Performance

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

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 EPS. Equities research analysts expect that Domino’s Pizza will post 15.73 earnings per share for the current fiscal year.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the company’s 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 completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,935,762.80. 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. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Domino’s Pizza by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock worth $1,597,686,000 after buying an additional 18,397 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Domino’s Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock worth $645,549,000 after purchasing an additional 68,317 shares in the last quarter. FMR LLC raised its stake in shares of Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after acquiring an additional 197,413 shares in the last quarter. Coatue Management LLC acquired a new position in Domino’s Pizza during the 4th quarter worth approximately $322,859,000. Finally, Norges Bank purchased a new stake in shares of Domino’s Pizza in the 4th quarter valued at approximately $208,604,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.