Morgan Stanley Analysts Give Domino’s Pizza (NYSE:DPZ) a $287.00 Price Target

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Morgan Stanley set a $287.00 price objective on Domino’s Pizza (NYSE:DPZ) in a research report report published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Mizuho reduced their target price on shares of Domino’s Pizza from $320.00 to $305.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. Deutsche Bank set a $208.00 target price on shares of Domino’s Pizza and gave the company a sell rating in a research note on Monday, September 9th. Oppenheimer set a $295.00 target price on shares of Domino’s Pizza and gave the company a buy rating in a research note on Monday, September 30th. Longbow Research set a $320.00 target price on shares of Domino’s Pizza and gave the company a buy rating in a research note on Monday, August 26th. Finally, Wells Fargo & Co raised their price target on shares of Domino’s Pizza from $261.00 to $271.00 and gave the stock a market perform rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $287.00.

Shares of DPZ opened at $257.79 on Wednesday. Domino’s Pizza has a twelve month low of $220.90 and a twelve month high of $302.05. The company has a market cap of $10.54 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.80 and a beta of 0.50. The company’s fifty day simple moving average is $239.53 and its 200-day simple moving average is $259.79.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The firm had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $827.23 million. During the same period in the prior year, the company posted $1.95 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza will post 9.41 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Doyle Wealth Management purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $30,000. NEXT Financial Group Inc increased its position in Domino’s Pizza by 85.7% during the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 60 shares during the period. Cornerstone Advisors Inc. increased its position in Domino’s Pizza by 36.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 55 shares during the period. Advisory Services Network LLC increased its position in Domino’s Pizza by 791.4% during the 2nd quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 277 shares during the period. Finally, Parallax Volatility Advisers L.P. purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $88,000. 94.96% 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 delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

See Also: P/E Growth (PEG)

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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