Domino’s Pizza (NYSE:DPZ) Price Target Raised to $580.00 at Deutsche Bank Aktiengesellschaft

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $555.00 to $580.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 9.31% from the stock’s previous close.

Other analysts have also issued research reports about the company. Piper Sandler increased their target price on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. UBS Group lifted their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada lifted their price target on shares of Domino’s Pizza from $525.00 to $575.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Evercore ISI boosted their price target on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $511.93.

Domino’s Pizza Stock Performance

NYSE DPZ traded up $3.49 on Tuesday, hitting $530.62. 661,632 shares of the stock were exchanged, compared to its average volume of 587,329. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The firm has a market capitalization of $18.48 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.61 and a beta of 0.86. The stock has a fifty day moving average price of $469.22 and a two-hundred day moving average price of $420.72.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS. Sell-side analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current fiscal year.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza 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 completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed 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 dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its stake in Domino’s Pizza by 284.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 182 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Domino’s Pizza by 7.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock valued at $5,745,000 after acquiring an additional 1,050 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Domino’s Pizza by 37.1% in the third quarter. Commonwealth Equity Services LLC now owns 7,462 shares of the restaurant operator’s stock valued at $2,827,000 after acquiring an additional 2,020 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Domino’s Pizza by 18.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,621 shares of the restaurant operator’s stock worth $4,402,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Domino’s Pizza by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,144 shares of the restaurant operator’s stock worth $9,146,000 after purchasing an additional 2,908 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.