Wells Fargo & Company Issues Positive Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price target upped by investment analysts at Wells Fargo & Company from $420.00 to $445.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 8.41% from the stock’s previous close.

Several other analysts have also recently issued reports on DPZ. Loop Capital lowered their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 1st. Finally, Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $499.48.

Domino’s Pizza Trading Down 0.1 %

Shares of NASDAQ:DPZ opened at $485.88 on Tuesday. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.47 and a beta of 1.15. The stock’s 50-day moving average price is $462.18 and its two-hundred day moving average price is $446.84. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. bought a new stake in Domino’s Pizza during the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the last quarter. Finally, Covestor Ltd raised its stake in Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 49 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.