Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $500.00

Domino’s Pizza (NASDAQ:DPZ) had its target price increased by equities research analysts at Citigroup from $480.00 to $500.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective indicates a potential upside of 1.96% from the stock’s previous close.

A number of other research firms have also weighed in on DPZ. Barclays upped their price objective on Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 22nd. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. Benchmark increased their target price on Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Guggenheim increased their target price on Domino’s Pizza from $450.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $498.50.

Domino’s Pizza Stock Down 0.6 %

NASDAQ:DPZ opened at $490.37 on Tuesday. The stock’s fifty day moving average is $463.90 and its two-hundred day moving average is $449.45. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $538.44. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm earned $3.58 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.4% in the 3rd 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 in the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Domino’s Pizza by 11.5% in the third quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock valued at $1,227,000 after acquiring an additional 295 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Domino’s Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after acquiring an additional 50,579 shares during the last quarter. Franklin Resources Inc. increased its position in Domino’s Pizza by 42.8% during the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock worth $11,571,000 after purchasing an additional 8,103 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $1,649,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.