Guggenheim Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $460.00

Domino’s Pizza (NASDAQ:DPZ) had its target price raised by investment analysts at Guggenheim from $450.00 to $460.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s target price suggests a potential downside of 5.33% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Stephens reaffirmed an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, April 1st. Finally, TD Cowen reissued a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $499.48.

Domino’s Pizza Stock Down 0.1 %

NASDAQ:DPZ opened at $485.88 on Tuesday. The company’s 50 day moving average is $462.18 and its 200-day moving average is $446.84. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a 12 month low of $396.06 and a 12 month 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). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.48 EPS. Research analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Wood Tarver Financial Group LLC bought a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new stake in Domino’s Pizza during the 1st quarter worth $25,000. Brown Brothers Harriman & Co. raised its position in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the period. 94.63% of the stock is owned by institutional investors.

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.