Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $495.00

Domino’s Pizza (NASDAQ:DPZ) had its target price upped by Oppenheimer from $490.00 to $495.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. BTIG Research reduced their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Evercore ISI reduced their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Finally, Barclays dropped their price objective on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $501.93.

Domino’s Pizza Stock Up 0.4 %

Shares of NASDAQ:DPZ opened at $412.69 on Tuesday. The company has a market cap of $14.25 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.47 and a beta of 0.90. The business has a fifty day simple moving average of $442.89 and a 200-day simple moving average of $438.60. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $4.18 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated 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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI grew its position in Domino’s Pizza by 38.9% in the 2nd quarter. National Bank of Canada FI now owns 13,810 shares of the restaurant operator’s stock valued at $6,978,000 after buying an additional 3,867 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Domino’s Pizza by 343.0% in the second quarter. Victory Capital Management Inc. now owns 89,859 shares of the restaurant operator’s stock valued at $46,397,000 after acquiring an additional 69,577 shares in the last quarter. Candriam S.C.A. increased its stake in shares of Domino’s Pizza by 14.0% during the second quarter. Candriam S.C.A. now owns 1,546 shares of the restaurant operator’s stock valued at $798,000 after acquiring an additional 190 shares during the period. Savant Capital LLC raised its holdings in Domino’s Pizza by 3.4% during the second quarter. Savant Capital LLC now owns 3,848 shares of the restaurant operator’s stock worth $1,987,000 after purchasing an additional 127 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Domino’s Pizza during the second quarter worth approximately $1,481,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.