Domino’s Pizza (NYSE:DPZ) PT Lowered to $520.00

Domino’s Pizza (NYSE:DPZ) had its price target reduced by analysts at Benchmark from $575.00 to $520.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Benchmark’s price objective points to a potential upside of 22.95% from the company’s current price.

A number of other brokerages have also issued reports on DPZ. Jefferies Financial Group lifted their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Loop Capital dropped their target price on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Argus lifted their price target on Domino’s Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Stifel Nicolaus increased their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, TD Securities restated a “buy” rating and set a $580.00 price target on shares of Domino’s Pizza in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $520.07.

Domino’s Pizza Trading Up 1.8 %

DPZ stock opened at $422.94 on Monday. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75. The firm has a 50-day moving average of $502.37 and a two-hundred day moving average of $474.26. 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.

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, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $3.08 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post 16.16 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Vanguard Group Inc. increased its position in Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the period. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $322,859,000. TD Asset Management Inc increased its stake in shares of Domino’s Pizza by 27.8% in the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares in the last quarter. Norges Bank acquired a new position in shares of Domino’s Pizza during the 4th quarter valued at $208,604,000. Finally, International Assets Investment Management LLC boosted its stake in Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after acquiring an additional 498,170 shares in the last quarter. 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.