Domino’s Pizza (NYSE:DPZ) Upgraded by Citigroup to Buy

Domino’s Pizza (NYSE:DPZGet Rating) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, April 11th, Marketbeat reports. The brokerage presently has a $487.00 target price on the restaurant operator’s stock, up from their prior target price of $480.00. Citigroup’s target price indicates a potential upside of 37.88% from the company’s previous close.

Other analysts have also recently issued reports about the company. Loop Capital cut Domino’s Pizza from a “buy” rating to a “hold” rating and set a $413.00 price target for the company. in a report on Wednesday, March 9th. Royal Bank of Canada dropped their price objective on Domino’s Pizza from $550.00 to $525.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. Barclays dropped their price objective on Domino’s Pizza from $495.00 to $410.00 in a research note on Wednesday, March 2nd. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $475.00 to $470.00 in a research note on Friday, January 14th. Finally, Bank of America dropped their price objective on Domino’s Pizza from $642.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average target price of $442.81.

Shares of DPZ traded up $9.36 during mid-day trading on Monday, hitting $353.20. The company’s stock had a trading volume of 605,912 shares, compared to its average volume of 535,365. The firm has a 50-day simple moving average of $394.26 and a 200 day simple moving average of $458.09. The firm has a market capitalization of $12.73 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.96 and a beta of 0.71. Domino’s Pizza has a 1-year low of $335.63 and a 1-year high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The restaurant operator reported $2.50 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.65). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Domino’s Pizza had a net margin of 11.03% and a negative return on equity of 11.66%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.00 earnings per share. Sell-side analysts anticipate that Domino’s Pizza will post 13.05 EPS for the current fiscal year.

In related news, EVP Cynthia A. Headen sold 149 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $423.89, for a total value of $63,159.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Cynthia A. Headen sold 137 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $397.00, for a total transaction of $54,389.00. Following the completion of the transaction, the executive vice president now owns 3,362 shares in the company, valued at approximately $1,334,714. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $251,368,000. Allspring Global Investments Holdings LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $128,043,000. BlackRock Inc. raised its holdings in Domino’s Pizza by 6.5% in the fourth quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator’s stock valued at $1,997,609,000 after buying an additional 215,128 shares during the period. Lord Abbett & CO. LLC purchased a new position in Domino’s Pizza in the third quarter valued at approximately $65,268,000. Finally, Voloridge Investment Management LLC purchased a new position in Domino’s Pizza in the third quarter valued at approximately $64,220,000. Hedge funds and other institutional investors own 92.84% of the company’s stock.

Domino’s Pizza Company Profile (Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through 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.

Further Reading

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.