Domino’s Pizza (NYSE:DPZ) PT Raised to $580.00 at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by Oppenheimer from $530.00 to $580.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective suggests a potential upside of 12.31% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup boosted their price target on Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Evercore ISI boosted their price target on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price target on Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets upped their price objective on Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $550.00 price objective on shares of Domino’s Pizza in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $516.19.

Domino’s Pizza Trading Down 2.4 %

Shares of NYSE DPZ opened at $516.42 on Tuesday. The stock has a fifty day simple moving average of $471.46 and a two-hundred day simple moving average of $422.01. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $542.75. The firm has a market cap of $17.99 billion, a price-to-earnings 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 posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that Domino’s Pizza will post 15.73 EPS for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated 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 can be accessed through this hyperlink. In other news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders sold 13,401 shares of company stock valued at $6,995,948 in the last 90 days. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its holdings in Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Domino’s Pizza during the third quarter valued at approximately $39,000. Quadrant Capital Group LLC increased its holdings in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in Domino’s Pizza during the third quarter valued at approximately $49,000. 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.