Deutsche Bank Aktiengesellschaft Increases Domino’s Pizza (NYSE:DPZ) Price Target to $580.00

Domino’s Pizza (NYSE:DPZ) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from $555.00 to $580.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 12.31% from the stock’s current price.

A number of other research firms also recently commented on DPZ. Royal Bank of Canada increased their price objective on shares of Domino’s Pizza from $525.00 to $575.00 and gave the company an “outperform” rating in a research note on Tuesday. Robert W. Baird increased their target price on shares of Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. Sanford C. Bernstein upgraded Domino’s Pizza from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. Morgan Stanley increased their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price for the company in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $516.19.

Domino’s Pizza Trading Down 2.4 %

Shares of Domino’s Pizza stock opened at $516.42 on Tuesday. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75. The company has a fifty day moving average price of $471.46 and a 200 day moving average price of $422.01.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. Domino’s Pizza’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.93 earnings per share. Analysts forecast that Domino’s Pizza will post 15.73 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,401 shares of company stock valued at $6,995,948. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Domino’s Pizza during the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Domino’s Pizza by 127.8% during the fourth 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $39,000. Quadrant Capital Group LLC grew its position in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $49,000. Institutional investors own 94.63% of the company’s stock.

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.