Domino’s Pizza (NYSE:DPZ – Get Free Report)’s stock had its “outperform” rating reaffirmed by equities researchers at Oppenheimer in a research note issued to investors on Tuesday, Briefing.com reports. They currently have a $450.00 price objective on the restaurant operator’s stock. Oppenheimer’s target price would suggest a potential upside of 17.46% from the company’s current price.
Several other equities research analysts have also recently commented on DPZ. BTIG Research raised their target price on Domino’s Pizza from $400.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. JPMorgan Chase & Co. upgraded Domino’s Pizza from a “neutral” rating to an “overweight” rating and raised their target price for the company from $340.00 to $360.00 in a research note on Thursday, June 1st. Morgan Stanley raised their price objective on Domino’s Pizza from $425.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, July 25th. BMO Capital Markets upped their target price on Domino’s Pizza from $450.00 to $455.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 25th. Finally, Barclays lifted their price target on shares of Domino’s Pizza from $270.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $396.96.
Domino’s Pizza Stock Performance
Shares of NYSE DPZ opened at $383.11 on Tuesday. The firm has a 50 day moving average price of $390.44 and a two-hundred day moving average price of $345.31. The stock has a market cap of $13.44 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $409.95.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The restaurant operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.02. Domino’s Pizza had a net margin of 10.49% and a negative return on equity of 11.24%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $2.82 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. Analysts predict that Domino’s Pizza will post 13.73 earnings per share for the current fiscal year.
Insider Transactions at Domino’s Pizza
In related news, EVP Cynthia A. Headen sold 382 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $152,800.00. Following the sale, the executive vice president now owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 427 shares of company stock valued at $170,095 over the last three months. Company insiders own 0.76% of the company’s stock.
Institutional Trading of Domino’s Pizza
Institutional investors and hedge funds have recently bought and sold shares of the company. MV Capital Management Inc. raised its position in shares of Domino’s Pizza by 281.0% in the first quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock worth $26,000 after buying an additional 59 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Domino’s Pizza during the 1st quarter valued at about $30,000. KB Financial Partners LLC purchased a new position in shares of Domino’s Pizza during the first quarter worth about $32,000. UMB Bank n.a. bought a new position in shares of Domino’s Pizza in the second quarter worth approximately $34,000. Finally, OLD Mission Capital LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at approximately $42,000. 92.27% 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.