Domino’s Pizza (NYSE:DPZ) PT Raised to $580.00 at BTIG Research

Domino’s Pizza (NYSE:DPZ) had its target price boosted by equities research analysts at BTIG Research from $515.00 to $580.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s target price would indicate a potential upside of 12.31% from the company’s previous close.

A number of other research analysts have also weighed in on DPZ. BMO Capital Markets upped their price objective on Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a report on Tuesday. Benchmark upped their price objective on Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen reaffirmed a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a report on Monday. Argus upped their price objective on Domino’s Pizza from $580.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Robert W. Baird upped their price objective on Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Trading Down 2.4 %

NYSE:DPZ opened at $516.42 on Tuesday. The firm has a market cap of $17.99 billion, a P/E ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86. The stock’s 50 day simple moving average is $471.46 and its 200-day simple moving average is $422.01. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $2.93 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts forecast that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza during the 3rd quarter worth approximately $39,000. Quadrant Capital Group LLC increased its holdings in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Domino’s Pizza during the 3rd quarter worth approximately $49,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.