Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $412.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective boosted by Barclays from $370.00 to $412.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Wells Fargo & Company lowered their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Robert W. Baird cut their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. TD Cowen raised their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $501.93.

Domino’s Pizza Trading Up 0.4 %

NASDAQ DPZ opened at $412.69 on Tuesday. The company has a market capitalization of $14.25 billion, a PE ratio of 25.35, a price-to-earnings-growth 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 firm’s fifty day simple moving average is $442.89 and its 200-day simple moving average is $438.60.

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

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on 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 directly owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. Doliver Advisors LP acquired a new stake in Domino’s Pizza during the 4th quarter worth approximately $580,000. Pensionfund Sabic bought a new position in Domino’s Pizza during the 4th quarter worth $1,175,000. GAMMA Investing LLC increased its position in Domino’s Pizza by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 483 shares of the restaurant operator’s stock worth $203,000 after buying an additional 78 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of Domino’s Pizza during the third quarter worth $1,649,000. Finally, Franklin Resources Inc. boosted its position in shares of Domino’s Pizza by 42.8% in the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock valued at $11,571,000 after acquiring an additional 8,103 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.