Barclays Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $470.00

Domino’s Pizza (NYSE:DPZ) had its price target lifted by stock analysts at Barclays from $405.00 to $470.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective points to a potential downside of 10.84% from the stock’s current price.

A number of other brokerages have also recently issued reports on DPZ. Citigroup boosted their target price on Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Stephens reiterated an “equal weight” rating and issued a $479.00 price objective on shares of Domino’s Pizza in a report on Monday. Piper Sandler raised their target price on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. BMO Capital Markets increased their price target on Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $482.07.

Domino’s Pizza Price Performance

DPZ opened at $527.12 on Tuesday. The stock has a market cap of $18.36 billion, a P/E ratio of 35.93, a P/E/G ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $539.99. The stock’s 50 day simple moving average is $469.22 and its 200 day simple moving average is $420.72.

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

Insiders Place Their Bets

In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was 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 approximately $1,935,762.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated 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 sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value 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. Insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Turtle Creek Wealth Advisors LLC bought a new stake in Domino’s Pizza during the fourth quarter worth $25,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at approximately $39,000. Quadrant Capital Group LLC grew its holdings in shares of Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Domino’s Pizza in the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.