Domino’s Pizza (NYSE:DPZ) Price Target Raised to $495.00

Domino’s Pizza (NYSE:DPZ) had its price target boosted by research analysts at Oppenheimer from $490.00 to $495.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective indicates a potential upside of 16.61% from the stock’s current price.

Several other equities research analysts have also commented on DPZ. Benchmark restated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. BTIG Research reduced their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 11th. TD Cowen boosted their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 25th. 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 analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $495.93.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $424.50 on Tuesday. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $395.08 and a 1 year high of $542.75. The firm has a 50-day moving average of $442.90 and a two-hundred day moving average of $439.74.

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

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction 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 approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently added to or reduced their stakes in DPZ. Summit Trail Advisors LLC raised its position in Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares during the period. Mather Group LLC. raised its position in shares of Domino’s Pizza by 5.7% in the third quarter. Mather Group LLC. now owns 684 shares of the restaurant operator’s stock valued at $294,000 after buying an additional 37 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Domino’s Pizza by 0.5% in the third quarter. Vontobel Holding Ltd. now owns 7,593 shares of the restaurant operator’s stock valued at $3,266,000 after buying an additional 40 shares during the last quarter. Shepherd Financial Partners LLC raised its position in shares of Domino’s Pizza by 2.0% in the third quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator’s stock valued at $863,000 after buying an additional 40 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Domino’s Pizza by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 40 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other 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.