Domino’s Pizza (NYSE:DPZ) Price Target Raised to $575.00

Domino’s Pizza (NYSE:DPZ) had its price objective lifted by research analysts at Benchmark from $510.00 to $575.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Benchmark’s target price would indicate a potential upside of 9.08% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on DPZ. Gordon Haskett upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price objective on the stock in a research note on Tuesday, January 16th. Stifel Nicolaus increased their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Piper Sandler upped their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Oppenheimer reissued an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 22nd. Finally, TD Cowen restated a “buy” rating and issued a $550.00 price target on shares of Domino’s Pizza in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $482.07.

Domino’s Pizza Stock Performance

DPZ stock opened at $527.12 on Tuesday. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $539.99. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.61 and a beta of 0.86. The stock’s fifty day moving average is $469.22 and its two-hundred day moving average is $420.72.

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

Insider Activity at Domino’s Pizza

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

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza in the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Domino’s Pizza in the third quarter valued at approximately $39,000. Quadrant Capital Group LLC boosted its stake in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $49,000. 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.