Wells Fargo & Company Boosts Domino’s Pizza (NASDAQ:DPZ) Price Target to $445.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective lifted by equities researchers at Wells Fargo & Company from $420.00 to $445.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 8.41% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. TD Securities reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, March 31st. Citigroup decreased their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $499.48.

Domino’s Pizza Trading Down 0.1 %

Shares of DPZ opened at $485.88 on Tuesday. The firm’s fifty day simple moving average is $462.18 and its 200-day simple moving average is $446.84. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $4.48 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in shares of Domino’s Pizza in the first quarter worth $25,000. Sherman Asset Management Inc. purchased a new stake in Domino’s Pizza during the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza in the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its holdings in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.