Domino’s Pizza (NYSE:DPZ) Stock Price Expected to Rise, Barclays Analyst Says

Domino’s Pizza (NYSE:DPZ) had its price target hoisted by Barclays from $370.00 to $412.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the restaurant operator’s stock.

Several other brokerages have also issued reports on DPZ. Wedbush restated an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Citigroup decreased their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Stephens lowered their target price on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Royal Bank of Canada lowered their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $497.38.

Domino’s Pizza Trading Down 3.2 %

Shares of Domino’s Pizza stock opened at $410.90 on Tuesday. The firm has a market capitalization of $14.19 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. The business’s fifty day simple moving average is $442.85 and its 200 day simple moving average is $438.96. Domino’s Pizza has a 12 month low of $395.08 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $4.18 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares during the last quarter. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares during the period. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza during the third quarter valued at about $549,399,000. Marshfield Associates grew its stake in shares of Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after buying an additional 2,271 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after buying an additional 522,490 shares during the period. 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.