Wells Fargo & Company Forecasts Strong Price Appreciation for Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza (NASDAQ:DPZ) had its target price upped by Wells Fargo & Company from $420.00 to $445.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 4.97% from the stock’s current price.

Several other equities analysts have also recently issued reports on DPZ. Oppenheimer upped their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. TD Securities restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, March 31st. Citigroup cut their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $497.88.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $468.27 on Tuesday. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.15. The firm has a 50 day simple moving average of $461.87 and a 200 day simple moving average of $446.29.

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

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the stock. KG&L Capital Management LLC grew its holdings in Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust grew its stake in shares of Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 28 shares during the period. Hedge funds and other 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.