Barclays Increases Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZ) had its price target hoisted by Barclays from $402.00 to $420.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price would suggest a potential downside of 12.34% from the company’s previous close.

Several other analysts have also issued reports on the company. Robert W. Baird reduced their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $479.11 on Tuesday. The company has a market cap of $16.54 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.47 and a beta of 0.90. The firm’s fifty day moving average price is $442.56 and its two-hundred day moving average price is $435.66. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.48 earnings per share. As a group, equities research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. FMR LLC lifted its stake in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Geode Capital Management LLC boosted its position in Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after buying an additional 92,389 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

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.