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

Domino’s Pizza (NYSE:DPZ) had its price objective lifted by analysts at Royal Bank of Canada from $525.00 to $575.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 11.34% from the company’s previous close.

DPZ has been the topic of a number of other reports. Piper Sandler raised their price objective on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. TD Cowen reaffirmed a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a report on Monday. Benchmark raised their target price on Domino’s Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and raised their target price for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $516.42 on Tuesday. The stock’s 50 day simple moving average is $471.46 and its 200 day simple moving average is $422.01. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86.

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 analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business 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 business earned $2.93 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on 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 transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,401 shares of company stock worth $6,995,948. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Coatue Management LLC bought a new stake in shares of Domino’s Pizza during the fourth quarter worth $322,859,000. Norges Bank bought a new stake in shares of Domino’s Pizza during the fourth quarter worth $208,604,000. International Assets Investment Management LLC raised its position in shares of Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after acquiring an additional 498,170 shares during the last quarter. TD Asset Management Inc raised its position in shares of Domino’s Pizza by 66.8% during the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after acquiring an additional 199,060 shares during the last quarter. Finally, FMR LLC raised its position in shares of Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after acquiring an additional 197,413 shares during the last quarter. 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.