Argus Raises Domino’s Pizza (NYSE:DPZ) Price Target to $600.00

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by equities research analysts at Argus from $580.00 to $600.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Argus’ price objective points to a potential upside of 16.18% from the stock’s current price.

A number of other brokerages have also recently issued reports on DPZ. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Citigroup upped their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group upped their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their target price for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. Finally, Oppenheimer upped their target price on shares of Domino’s Pizza from $530.00 to $580.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $516.19.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ opened at $516.42 on Tuesday. The company’s 50-day moving average price is $471.46 and its two-hundred day moving average price is $422.01. Domino’s Pizza has a one year low of $285.84 and a one year high of $542.75. The stock has a market capitalization of $17.99 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts anticipate that Domino’s Pizza will post 15.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,401 shares of company stock worth $6,995,948. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Domino’s Pizza by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock valued at $1,597,686,000 after purchasing an additional 18,397 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after purchasing an additional 68,317 shares during the last quarter. FMR LLC lifted its stake in Domino’s Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares during the last quarter. Coatue Management LLC bought a new position in Domino’s Pizza in the 4th quarter valued at approximately $322,859,000. Finally, Norges Bank bought a new position in Domino’s Pizza in the 4th quarter valued at approximately $208,604,000. Institutional investors own 94.63% of the company’s stock.

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.