Barclays Forecasts Strong Price Appreciation for Domino’s Pizza (NYSE:DPZ) Stock

Domino’s Pizza (NYSE:DPZ) had its price target increased by stock analysts at Barclays from $370.00 to $412.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential downside of 0.17% from the company’s previous close.

DPZ has been the topic of several other reports. Wedbush reiterated an “outperform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Oppenheimer increased their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Bank of America lowered their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $497.38.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $412.69 on Tuesday. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The firm has a market cap of $14.25 billion, a PE ratio of 25.35, a PEG ratio of 2.47 and a beta of 0.90. The company has a 50 day simple moving average of $442.91 and a two-hundred day simple moving average of $438.78.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $4.18 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Domino’s Pizza will post 16.82 earnings per share for the current year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently modified their holdings of the stock. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza during the 3rd quarter valued at about $549,399,000. International Assets Investment Management LLC grew its holdings in shares of Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after buying an additional 522,490 shares during the last quarter. FMR LLC grew its holdings in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Domino’s Pizza in the 3rd quarter worth approximately $99,352,000. Finally, Envestnet Asset Management Inc. lifted its position in Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares in the last quarter. 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.