Royal Bank of Canada Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $575.00

Domino’s Pizza (NYSE:DPZ) had its price target upped by analysts at Royal Bank of Canada from $525.00 to $575.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price target indicates a potential upside of 11.34% from the stock’s current price.

DPZ has been the subject of a number of other reports. Gordon Haskett upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target for the company in a research report on Tuesday, January 16th. BMO Capital Markets boosted their price target on shares of Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a research report on Tuesday. Stephens boosted their price target on shares of Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a research report on Tuesday. Evercore ISI boosted their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Wedbush restated an “outperform” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $516.42 on Tuesday. The company’s fifty day simple moving average is $471.46 and its two-hundred day simple moving average is $422.01. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $542.75. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza will post 15.73 EPS for the current year.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders sold 13,401 shares of company stock valued at $6,995,948 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its position in Domino’s Pizza by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock worth $917,000 after purchasing an additional 25 shares during the period. Wealthsource Partners LLC boosted its stake in shares of Domino’s Pizza by 2.0% during the 4th quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 25 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Domino’s Pizza by 4.8% during the 1st quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock worth $269,000 after acquiring an additional 25 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Domino’s Pizza by 2.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 26 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after acquiring an additional 27 shares during 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.