Barclays Forecasts Strong Price Appreciation for Domino’s Pizza (NYSE:DPZ) Stock

Domino’s Pizza (NYSE:DPZ) had its price objective boosted by equities researchers at Barclays from $370.00 to $412.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential downside of 0.94% from the stock’s current price.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Citigroup reduced their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $497.38.

Domino’s Pizza Stock Down 2.0 %

Shares of NYSE:DPZ traded down $8.59 during midday trading on Tuesday, hitting $415.91. The stock had a trading volume of 363,742 shares, compared to its average volume of 492,910. The company’s 50-day moving average price is $442.90 and its 200-day moving average price is $439.74. Domino’s Pizza has a fifty-two week low of $395.08 and a fifty-two week high of $542.75. The company has a market capitalization of $14.36 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.18 earnings per share. Research analysts expect that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza in the third quarter valued at about $549,399,000. Charles Schwab Investment Management Inc. increased its position in Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the period. Commerce Bank boosted its stake in shares of Domino’s Pizza by 17.7% during the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after purchasing an additional 1,404 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Domino’s Pizza in the third quarter worth approximately $1,154,000. Finally, Empire Financial Management Company LLC purchased a new stake in Domino’s Pizza during the third quarter worth $985,000. 94.63% of the stock is 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.