Robert W. Baird Increases Domino’s Pizza (NYSE:DPZ) Price Target to $530.00

Domino’s Pizza (NYSE:DPZ) had its target price raised by stock analysts at Robert W. Baird from $510.00 to $530.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price objective suggests a potential upside of 2.63% from the company’s current price.

DPZ has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. TD Cowen reaffirmed a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a research note on Monday. Piper Sandler lifted their price target 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. Finally, Evercore ISI lifted their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $516.19.

Domino’s Pizza Trading Down 2.4 %

DPZ opened at $516.42 on Tuesday. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $542.75. The firm has a market capitalization of $17.99 billion, a PE ratio of 33.71, a P/E/G ratio of 2.75 and a beta of 0.86. The firm has a 50 day moving average of $471.46 and a two-hundred day moving average of $422.01.

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 analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.93 EPS. As a group, analysts predict that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. Insiders have sold a total of 13,401 shares of company stock worth $6,995,948 in the last quarter. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Investment Advisors LLC increased its stake in Domino’s Pizza by 1.1% during the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock worth $917,000 after purchasing an additional 25 shares during the period. Wealthsource Partners LLC increased its stake in Domino’s Pizza by 2.0% during the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 25 shares during the period. Summit Trail Advisors LLC increased its stake in Domino’s Pizza by 4.8% during the first quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 25 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Domino’s Pizza by 2.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after purchasing an additional 26 shares during the period. Finally, Czech National Bank increased its stake in Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.