Domino’s Pizza (NYSE:DPZ) Given New $580.00 Price Target at Deutsche Bank Aktiengesellschaft

Domino’s Pizza (NYSE:DPZ) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $555.00 to $580.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 9.31% from the company’s current price.

Several other research firms have also recently weighed in on DPZ. Argus upped their price target on shares of Domino’s Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group increased their target price on Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. HSBC boosted their price target on Domino’s Pizza from $507.00 to $583.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen reissued a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research report on Monday. Finally, Stephens lifted their price objective on shares of Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $511.93.

Domino’s Pizza Stock Performance

NYSE:DPZ traded up $3.49 during trading hours on Tuesday, hitting $530.62. The stock had a trading volume of 661,632 shares, compared to its average volume of 587,329. The business’s 50 day moving average is $469.22 and its 200-day moving average is $420.72. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a one year low of $285.84 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $2.93 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza will post 15.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred 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 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. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV increased its holdings in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Domino’s Pizza in the third quarter valued at about $39,000. Quadrant Capital Group LLC boosted 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 valued at $46,000 after purchasing an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Domino’s Pizza during the third quarter worth about $49,000. Institutional investors own 94.63% of the company’s stock.

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.