Brokerages Set Domino’s Pizza Inc (NASDAQ:DPZ) Target Price at $490.40

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have received an average rating of “Hold” from the twenty-nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $485.7407.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Bank of America boosted their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada dropped their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Barclays cut their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $405.09 on Friday. The business has a 50-day moving average of $416.74 and a 200-day moving average of $434.87. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.91 and a beta of 1.15. Domino’s Pizza has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $4.19 earnings per share. Domino’s Pizza’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Domino’s Pizza will post 16.74 EPS for the current year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of Domino’s Pizza by 28.9% during the 1st quarter. American Century Companies Inc. now owns 1,107 shares of the restaurant operator’s stock worth $509,000 after buying an additional 248 shares during the last quarter. Vident Advisory LLC raised its holdings in Domino’s Pizza by 37.2% in the 1st quarter. Vident Advisory LLC now owns 774 shares of the restaurant operator’s stock valued at $356,000 after acquiring an additional 210 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Domino’s Pizza during the first quarter worth approximately $14,491,000. Amundi boosted its holdings in shares of Domino’s Pizza by 3.9% during the first quarter. Amundi now owns 63,975 shares of the restaurant operator’s stock worth $29,533,000 after acquiring an additional 2,426 shares during the period. Finally, Cinctive Capital Management LP acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $792,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.