Domino’s Pizza (NYSE:DPZ) Price Target Raised to $412.00 at Barclays

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by Barclays from $370.00 to $412.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Bank of America cut their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Evercore ISI lowered their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Piper Sandler cut their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.38.

Domino’s Pizza Trading Down 3.2 %

NYSE DPZ opened at $410.90 on Tuesday. The firm’s 50 day simple moving average is $442.85 and its 200 day simple moving average is $438.96. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 25.24, a P/E/G 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.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $4.18 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Domino’s Pizza will post 16.82 earnings per share for the current year.

Insider Activity

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s 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 transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction dated 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 owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. FMR LLC lifted its holdings in shares of Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Principal Financial Group Inc. raised its position in Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares during the last quarter. Berkshire Hathaway Inc bought a new position in Domino’s Pizza during the 3rd quarter valued at $549,399,000. Marshfield Associates boosted its holdings in Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after acquiring an additional 2,271 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

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.