Domino’s Pizza (NYSE:DPZ) had its target price hoisted by analysts at Maxim Group from $285.00 to $305.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the restaurant operator’s stock. Maxim Group’s price objective would suggest a potential upside of 7.33% from the stock’s current price.
The analysts wrote, “We maintain our Hold rating on Domino’s Pizza (DPZ), though raise our price target to $305, from $285, following the investor meeting we hosted with management last week at the company’s Ann Arbor, MI headquarters.””
DPZ has been the subject of a number of other research reports. Morgan Stanley lifted their price target on Domino’s Pizza from $260.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Bank of America lifted their price target on Domino’s Pizza from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. TheStreet upgraded Domino’s Pizza from a “c+” rating to a “b” rating in a report on Friday, June 15th. Finally, Guggenheim lifted their price target on Domino’s Pizza from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Buy” and a consensus price target of $272.68.
Shares of NYSE DPZ opened at $284.18 on Wednesday. The stock has a market capitalization of $12.34 billion, a PE ratio of 53.22, a P/E/G ratio of 1.86 and a beta of 0.23. The company has a debt-to-equity ratio of -1.17, a current ratio of 1.81 and a quick ratio of 1.70. Domino’s Pizza has a fifty-two week low of $166.74 and a fifty-two week high of $305.34.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 19th. The restaurant operator reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.10. Domino’s Pizza had a negative return on equity of 11.29% and a net margin of 10.19%. The business had revenue of $779.40 million during the quarter, compared to analysts’ expectations of $786.88 million. During the same quarter last year, the company posted $1.32 earnings per share. Domino’s Pizza’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza will post 8.29 EPS for the current fiscal year.
In other news, insider J Patrick Doyle sold 25,600 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $301.15, for a total value of $7,709,440.00. Following the completion of the sale, the insider now directly owns 49,670 shares in the company, valued at $14,958,120.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Russell J. Weiner sold 4,404 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the completion of the sale, the chief operating officer now owns 13,738 shares of the company’s stock, valued at $4,037,323.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,004 shares of company stock valued at $11,956,888. Corporate insiders own 3.97% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of Domino’s Pizza by 41.8% in the third quarter. Private Trust Co. NA now owns 1,109 shares of the restaurant operator’s stock valued at $326,000 after buying an additional 327 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $5,110,000. HRT Financial LLC acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $212,000. Schroder Investment Management Group acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $655,000. Finally, Advisors Asset Management Inc. raised its position in shares of Domino’s Pizza by 34.5% in the second quarter. Advisors Asset Management Inc. now owns 9,810 shares of the restaurant operator’s stock valued at $2,768,000 after buying an additional 2,518 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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