Stephens Boosts Domino’s Pizza (NASDAQ:DPZ) Price Target to $440.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective upped by equities research analysts at Stephens from $420.00 to $440.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price objective would suggest a potential downside of 8.16% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price objective for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. TD Cowen reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday. Barclays lowered their price objective on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. TD Securities reissued a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Finally, Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Trading Up 1.9 %

Shares of Domino’s Pizza stock opened at $479.11 on Tuesday. The company has a fifty day simple moving average of $442.56 and a 200-day simple moving average of $435.66. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a market cap 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 (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.48 EPS. On average, analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

Several large investors have recently modified their holdings of DPZ. Berkshire Hathaway Inc acquired a new stake in shares of Domino’s Pizza during the third quarter worth approximately $549,399,000. Janney Montgomery Scott LLC grew its holdings in Domino’s Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after acquiring an additional 8,136 shares in the last quarter. Empowered Funds LLC increased its position in shares of Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Commerce Bank lifted its position in shares of Domino’s Pizza by 17.7% during the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 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.