Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $420.00 at Barclays

Domino’s Pizza (NASDAQ:DPZ) had its target price lifted by analysts at Barclays from $402.00 to $420.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective indicates a potential downside of 7.82% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Stephens lifted their price target on Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a research note on Tuesday. Oppenheimer boosted their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday. Finally, TD Cowen reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.00.

Domino’s Pizza Trading Down 1.5 %

NASDAQ:DPZ opened at $455.64 on Tuesday. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90. The stock has a 50-day moving average price of $441.12 and a two-hundred day moving average price of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company posted $4.48 earnings per share. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in DPZ. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Domino’s Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock valued at $172,298,000 after acquiring an additional 5,762 shares during the period. Mackenzie Financial Corp increased its holdings in Domino’s Pizza by 33.0% in the 4th quarter. Mackenzie Financial Corp now owns 3,816 shares of the restaurant operator’s stock valued at $1,602,000 after buying an additional 946 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new position in Domino’s Pizza in the fourth quarter valued at approximately $925,000. Novem Group acquired a new position in Domino’s Pizza during the fourth quarter valued at approximately $315,000. Finally, PharVision Advisers LLC bought a new stake in Domino’s Pizza during the fourth quarter worth $318,000. Institutional investors and hedge funds 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.