Citigroup Raises Domino’s Pizza (NYSE:DPZ) Price Target to $530.00

Domino’s Pizza (NYSE:DPZ) had its price objective lifted by research analysts at Citigroup from $505.00 to $530.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price indicates a potential upside of 2.63% from the company’s previous close.

A number of other equities analysts have also issued reports on DPZ. UBS Group upped their target price on Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets upped their target price on Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen reaffirmed a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research report on Monday. Argus raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 target price on the stock in a research report on Tuesday, February 27th. Finally, Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $516.19.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $516.42 on Tuesday. The stock’s 50 day moving average price is $471.46 and its 200 day moving average price 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 one year low of $285.84 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $2.93 EPS. Domino’s Pizza’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza will post 15.73 earnings per share for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was 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 of the company’s stock, valued at $2,073,473. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was 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 of the company’s stock, valued at $2,073,473. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, 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. Over the last quarter, insiders sold 13,401 shares of company stock valued at $6,995,948. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Domino’s Pizza during the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its stake in Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Domino’s Pizza during the third quarter valued at about $39,000. Quadrant Capital Group LLC boosted its stake in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Domino’s Pizza during the third quarter valued at $49,000. 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.