Domino’s Pizza (NYSE:DPZ) Given a $325.00 Price Target at BTIG Research

BTIG Research set a $325.00 price objective on Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently issued reports on DPZ. Mizuho lowered their target price on shares of Domino’s Pizza from $320.00 to $305.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. Northcoast Research reiterated a neutral rating on shares of Domino’s Pizza in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Domino’s Pizza from $265.00 to $275.00 and gave the stock an overweight rating in a research note on Wednesday. Morgan Stanley set a $287.00 target price on shares of Domino’s Pizza and gave the stock a buy rating in a research note on Wednesday. Finally, Stifel Nicolaus set a $300.00 target price on shares of Domino’s Pizza and gave the stock a buy rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $287.00.

NYSE DPZ opened at $257.79 on Wednesday. Domino’s Pizza has a 1 year low of $220.90 and a 1 year high of $302.05. The stock has a market capitalization of $10.54 billion, a PE ratio of 30.62, a P/E/G ratio of 1.80 and a beta of 0.50. The company’s 50 day simple moving average is $239.53 and its two-hundred day simple moving average is $259.79.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Domino’s Pizza had a negative return on equity of 12.92% and a net margin of 10.79%. The firm had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $827.23 million. During the same quarter in the prior year, the company earned $1.95 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza will post 9.41 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Doyle Wealth Management purchased a new position in Domino’s Pizza in the 2nd quarter worth $30,000. NEXT Financial Group Inc raised its position in Domino’s Pizza by 85.7% in the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 60 shares during the period. Cornerstone Advisors Inc. raised its position in Domino’s Pizza by 36.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 55 shares during the period. Advisory Services Network LLC raised its position in Domino’s Pizza by 791.4% in the 2nd quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after purchasing an additional 277 shares during the period. Finally, Parallax Volatility Advisers L.P. purchased a new position in Domino’s Pizza in the 2nd quarter worth $88,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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