BMO Capital Markets Increases Domino’s Pizza (NYSE:DPZ) Price Target to $575.00

Domino’s Pizza (NYSE:DPZ) had its target price raised by analysts at BMO Capital Markets from $535.00 to $575.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 9.08% from the stock’s current price.

A number of other brokerages have also weighed in on DPZ. TD Cowen reaffirmed a “buy” rating and issued a $550.00 price target on shares of Domino’s Pizza in a research note on Monday. Morgan Stanley upped their price target 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. Argus raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target for the company in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 price target (up from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Finally, Citigroup upped their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $471.15.

Domino’s Pizza Stock Up 5.6 %

Domino’s Pizza stock opened at $527.12 on Tuesday. The firm has a 50-day moving average price of $469.22 and a two-hundred day moving average price of $420.72. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $539.99.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $4.43 EPS. Research analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $39,000. Quadrant Capital Group LLC boosted its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds 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.