Domino’s Pizza (NASDAQ:DPZ) Given New $440.00 Price Target at Stephens

Domino’s Pizza (NASDAQ:DPZ) had its price target raised by equities researchers at Stephens from $420.00 to $440.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price objective suggests a potential downside of 3.43% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Barclays reduced their target price on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Finally, Citigroup raised their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $503.00.

Domino’s Pizza Trading Down 1.5 %

Shares of DPZ opened at $455.64 on Tuesday. The stock has a market cap of $15.73 billion, a PE ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a 50 day simple moving average of $441.12 and a 200-day simple moving average of $435.12.

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

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in DPZ. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. True Wealth Design LLC grew its holdings in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd lifted its stake in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $38,000 after acquiring an additional 26 shares in the last quarter. 94.63% of the stock is owned by 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.