Domino’s Pizza (NYSE:DPZ) Given New $520.00 Price Target at Morgan Stanley

Domino’s Pizza (NYSE:DPZ) had its price target increased by investment analysts at Morgan Stanley from $515.00 to $520.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s target price would indicate a potential upside of 20.69% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Guggenheim decreased their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Loop Capital restated a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a research note on Friday, September 20th. Wedbush restated an “outperform” rating and set a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. Finally, Robert W. Baird cut their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $506.45.

Domino’s Pizza Trading Up 0.2 %

DPZ stock opened at $430.87 on Wednesday. The company has a market capitalization of $15.03 billion, a P/E ratio of 28.12, a PEG ratio of 2.21 and a beta of 0.86. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The business has a 50 day simple moving average of $422.97 and a 200-day simple moving average of $471.79.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.08 earnings per share. Research analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Institutional Trading of Domino’s Pizza

Large investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Domino’s Pizza by 25.2% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares during the last quarter. Czech National Bank boosted its stake in Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after buying an additional 27 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Domino’s Pizza by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after buying an additional 27 shares during the last quarter. Insight Folios Inc boosted its stake in Domino’s Pizza by 3.4% in the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after buying an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in Domino’s Pizza by 6.5% in the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds 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.