Domino’s Pizza (NYSE:DPZ) PT Raised to $600.00 at Argus

Domino’s Pizza (NYSE:DPZ) had its target price increased by research analysts at Argus from $580.00 to $600.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Argus’ price target points to a potential upside of 16.18% from the stock’s previous close.

A number of other brokerages have also recently weighed in on DPZ. Evercore ISI increased their price target 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 stock an “underweight” rating in a research report on Tuesday. TD Cowen reiterated a “buy” rating and set a $550.00 price target on shares of Domino’s Pizza in a research report on Monday. Stephens increased their price objective on Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Benchmark increased their price objective on Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday. 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, the stock has an average rating of “Moderate Buy” and an average price target of $516.19.

Domino’s Pizza Stock Down 2.4 %

Shares of NYSE DPZ opened at $516.42 on Tuesday. The stock’s 50 day moving average price is $471.46 and its two-hundred day moving average price is $422.01. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The stock has a market capitalization of $17.99 billion, a P/E ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion for 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%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS. On average, analysts anticipate that Domino’s Pizza will post 15.73 EPS for the current year.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last three months. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino’s Pizza

Hedge funds have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Domino’s Pizza in the third quarter valued at $39,000. Quadrant Capital Group LLC lifted its holdings in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Domino’s Pizza in the third quarter valued at $49,000. Hedge funds and other 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.