Domino’s Pizza (NYSE:DPZ) Price Target Raised to $575.00 at Royal Bank of Canada

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by analysts at Royal Bank of Canada from $525.00 to $575.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 6.77% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Oppenheimer boosted their target price on Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets boosted their price objective 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. Citigroup lifted their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. Evercore ISI raised their price objective on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Stephens upped their price objective on shares of Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $491.30.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock traded up $11.39 during midday trading on Tuesday, reaching $538.52. 376,585 shares of the company’s stock traded hands, compared to its average volume of 583,466. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75. The company’s 50 day simple moving average is $469.22 and its 200 day simple moving average is $420.72. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm 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 posted $2.93 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Domino’s Pizza will post 15.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the 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 transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction 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 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. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC increased its position in Domino’s Pizza by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after buying an additional 25 shares in the last quarter. Wealthsource Partners LLC grew its stake in Domino’s Pizza by 2.0% in the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Domino’s Pizza by 4.8% during the first quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock valued at $269,000 after acquiring an additional 25 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Domino’s Pizza by 2.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after purchasing an additional 26 shares during the period. Finally, Czech National Bank lifted its holdings in shares of Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares in the last quarter. Institutional investors 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.