Domino’s Pizza (NASDAQ:DPZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Domino’s Pizza (NASDAQ:DPZ) had its price target hoisted by stock analysts at BMO Capital Markets from $500.00 to $515.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 7.49% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday. Stephens lifted their target price on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Securities reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday. Morgan Stanley lowered their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

DPZ stock opened at $479.11 on Tuesday. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The stock’s fifty day moving average is $442.56 and its two-hundred day moving average is $435.66.

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

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently made changes to their positions in the company. KG&L Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after buying an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Domino’s Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.