UBS Group Increases Domino’s Pizza (NYSE:DPZ) Price Target to $570.00

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by research analysts at UBS Group from $526.00 to $570.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective would indicate a potential upside of 16.80% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 target price on the stock in a research report on Tuesday, February 27th. Wedbush restated an “outperform” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 10th. HSBC started coverage on shares of Domino’s Pizza in a research report on Wednesday, December 20th. They set a “buy” rating and a $466.00 target price on the stock. Barclays upped their target price on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 27th. Finally, Morgan Stanley upped their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $457.28.

Domino’s Pizza Stock Down 1.5 %

Shares of Domino’s Pizza stock opened at $488.02 on Tuesday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $508.44. The company’s 50-day simple moving average is $456.25 and its 200-day simple moving average is $411.75. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $4.43 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza will post 15.78 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Domino’s Pizza by 6.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,200 shares of the restaurant operator’s stock worth $2,087,000 after acquiring an additional 262 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Domino’s Pizza in the 1st quarter worth about $28,960,000. International Assets Investment Management LLC lifted its position in shares of Domino’s Pizza by 3.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,258 shares of the restaurant operator’s stock worth $621,000 after buying an additional 46 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Domino’s Pizza by 15.1% in the 1st quarter. Douglas Lane & Associates LLC now owns 3,115 shares of the restaurant operator’s stock worth $1,548,000 after buying an additional 408 shares during the last quarter. Finally, Threadgill Financial LLC bought a new position in shares of Domino’s Pizza in the 1st quarter worth about $1,167,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.