Guggenheim Raises Domino’s Pizza (NYSE:DPZ) Price Target to $310.00

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Domino’s Pizza (NYSE:DPZ) had its target price raised by Guggenheim from $280.00 to $310.00 in a report published on Friday, Briefing.com Automated Import reports. Guggenheim currently has a buy rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the stock. Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research note on Monday, July 29th. They issued a neutral rating and a $280.00 price objective for the company. Robert W. Baird set a $300.00 price target on shares of Domino’s Pizza and gave the company a buy rating in a research note on Tuesday, October 8th. Wedbush reaffirmed an outperform rating and set a $280.00 price target on shares of Domino’s Pizza in a research note on Friday, October 4th. Wells Fargo & Co lifted their price target on shares of Domino’s Pizza from $261.00 to $271.00 and gave the company a market perform rating in a research note on Wednesday, October 9th. Finally, MKM Partners set a $265.00 price target on shares of Domino’s Pizza and gave the company a hold rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of Buy and an average price target of $287.68.

Shares of NYSE:DPZ opened at $256.18 on Friday. Domino’s Pizza has a 12 month low of $220.90 and a 12 month high of $302.05. The company has a 50-day moving average price of $243.63 and a 200 day moving average price of $260.04. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.85 and a beta of 0.50.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The business had revenue of $820.81 million during the quarter, compared to the consensus estimate of $827.23 million. During the same period in the previous year, the business posted $1.95 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Domino’s Pizza will post 9.41 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Doyle Wealth Management purchased a new position in Domino’s Pizza in the second quarter worth $30,000. NEXT Financial Group Inc lifted its stake in shares of Domino’s Pizza by 85.7% during the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after buying an additional 60 shares during the period. Cornerstone Advisors Inc. lifted its stake in shares of Domino’s Pizza by 36.2% during the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after buying an additional 55 shares during the period. Advisory Services Network LLC lifted its stake in shares of Domino’s Pizza by 791.4% during the second quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after buying an additional 277 shares during the period. Finally, Parallax Volatility Advisers L.P. acquired a new stake in shares of Domino’s Pizza during the second quarter worth $88,000. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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