Domino’s Pizza (NYSE:DPZ) PT Raised to $575.00

Domino’s Pizza (NYSE:DPZ) had its price target raised by research analysts at Benchmark from $510.00 to $575.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Benchmark’s price target would suggest a potential upside of 11.34% from the stock’s previous close.

DPZ has been the subject of several other reports. Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. Evercore ISI upped their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Barclays increased their price target on Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a research report on Tuesday. UBS Group increased their price target 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. Finally, Oppenheimer reissued an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 22nd. 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’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Price Performance

DPZ stock opened at $516.42 on Tuesday. The stock has a market capitalization of $17.99 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.75 and a beta of 0.86. The business has a 50-day moving average of $471.46 and a 200-day moving average of $422.01. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week 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 for the quarter, topping the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. Domino’s Pizza’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts expect that Domino’s Pizza will post 15.73 EPS for the current year.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,401 shares of company stock worth $6,995,948. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Domino’s Pizza by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock worth $1,597,686,000 after acquiring an additional 18,397 shares during the period. Principal Financial Group Inc. increased its stake in Domino’s Pizza by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock worth $645,549,000 after acquiring an additional 68,317 shares during the period. FMR LLC increased its stake in Domino’s Pizza by 16.0% during the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after acquiring an additional 197,413 shares during the period. Coatue Management LLC bought a new position in Domino’s Pizza during the 4th quarter worth $322,859,000. Finally, Norges Bank bought a new position in Domino’s Pizza during the 4th quarter worth $208,604,000. 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.