Domino’s Pizza (NYSE:DPZ) Price Target Raised to $495.00

Domino’s Pizza (NYSE:DPZ) had its price objective boosted by research analysts at Oppenheimer from $490.00 to $495.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective suggests a potential upside of 16.61% from the stock’s current price.

DPZ has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Bank of America dropped their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Piper Sandler dropped their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Finally, Barclays dropped their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.93.

Domino’s Pizza Stock Performance

DPZ stock opened at $424.50 on Tuesday. Domino’s Pizza has a 52 week low of $395.08 and a 52 week high of $542.75. The firm’s fifty day moving average is $442.90 and its 200 day moving average is $439.74. The firm has a market cap of $14.66 billion, a P/E ratio of 26.07, a P/E/G ratio of 2.47 and a beta of 0.90.

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

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The stock was 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. National Bank of Canada FI grew its stake in shares of Domino’s Pizza by 38.9% in the 2nd quarter. National Bank of Canada FI now owns 13,810 shares of the restaurant operator’s stock worth $6,978,000 after buying an additional 3,867 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Domino’s Pizza by 343.0% during the 2nd quarter. Victory Capital Management Inc. now owns 89,859 shares of the restaurant operator’s stock worth $46,397,000 after purchasing an additional 69,577 shares during the period. Candriam S.C.A. boosted its stake in shares of Domino’s Pizza by 14.0% during the 2nd quarter. Candriam S.C.A. now owns 1,546 shares of the restaurant operator’s stock worth $798,000 after purchasing an additional 190 shares during the period. Savant Capital LLC boosted its stake in shares of Domino’s Pizza by 3.4% during the 2nd quarter. Savant Capital LLC now owns 3,848 shares of the restaurant operator’s stock worth $1,987,000 after purchasing an additional 127 shares during the period. Finally, Caprock Group LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter worth about $1,481,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.