Domino’s Pizza (NYSE:DPZ) PT Raised to $575.00 at Benchmark

Domino’s Pizza (NYSE:DPZ) had its price objective upped by analysts at Benchmark from $510.00 to $575.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Benchmark’s price target suggests a potential upside of 9.08% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Sanford C. Bernstein upgraded shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 22nd. Evercore ISI increased 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. Finally, BMO Capital Markets raised their price target on Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $482.07.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $527.12 on Tuesday. Domino’s Pizza has a one year low of $285.84 and a one year high of $539.99. The company’s 50-day simple moving average is $469.22 and its 200 day simple moving average is $420.72. The firm has a market capitalization of $18.36 billion, a P/E ratio of 35.93, a PEG ratio of 2.61 and a beta of 0.86.

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, topping analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 EPS. On average, equities research analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current fiscal year.

Insider Transactions 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 sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in Domino’s Pizza in the 4th quarter worth about $25,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza in the 3rd quarter valued at about $39,000. Quadrant Capital Group LLC lifted its holdings in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Domino’s Pizza in the third quarter valued at approximately $49,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.