Domino’s Pizza (NYSE:DPZ) PT Lowered to $500.00

Domino’s Pizza (NYSE:DPZ) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $580.00 to $500.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 18.22% from the stock’s current price.

A number of other equities analysts also recently commented on DPZ. Wedbush reiterated an “outperform” rating and set a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, July 15th. TD Securities reissued a “buy” rating and set a $580.00 price target on shares of Domino’s Pizza in a research report on Thursday, May 16th. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Wells Fargo & Company lifted their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, Citigroup raised their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $520.07.

Domino’s Pizza Trading Up 1.8 %

Shares of Domino’s Pizza stock opened at $422.94 on Monday. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The firm has a market capitalization of $14.79 billion, a PE ratio of 27.61, a P/E/G ratio of 2.13 and a beta of 0.87. The firm’s 50-day moving average price is $502.37 and its 200 day moving average price is $474.26.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.08 EPS. On average, sell-side analysts predict that Domino’s Pizza will post 16.16 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $25,000. Blue Trust Inc. raised its position in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Domino’s Pizza in the 1st quarter worth $36,000. Versant Capital Management Inc increased its stake in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.