Barclays Forecasts Strong Price Appreciation for Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza (NASDAQ:DPZ) had its price objective increased by equities research analysts at Barclays from $420.00 to $425.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential downside of 12.53% from the company’s current price.

DPZ has been the subject of several other research reports. Morgan Stanley decreased their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, March 31st. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Finally, Loop Capital lowered their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $499.48.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $485.88 on Tuesday. The company has a market capitalization of $16.66 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company’s 50-day moving average is $462.18 and its 200 day moving average is $446.84. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 over the last ninety days. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in shares of Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares during the last quarter. Empowered Funds LLC grew its holdings in Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Alta Capital Management LLC increased its position in shares of Domino’s Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after acquiring an additional 1,214 shares during the period. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $282,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.