Domino’s Pizza (NYSE:DPZ) Rating Reiterated by Wedbush

Domino’s Pizza (NYSE:DPZ)‘s stock had its “outperform” rating restated by Wedbush in a report released on Friday, Benzinga reports. They presently have a $520.00 price objective on the restaurant operator’s stock. Wedbush’s target price would suggest a potential upside of 4.01% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. TD Cowen reiterated a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Citigroup upped their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Jefferies Financial Group increased their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Finally, Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target on the stock in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.90.

Domino’s Pizza Stock Performance

Shares of DPZ stock traded up $5.17 on Friday, hitting $499.94. The company’s stock had a trading volume of 345,662 shares, compared to its average volume of 562,399. The company has a market capitalization of $17.41 billion, a PE ratio of 34.11, a PEG ratio of 2.55 and a beta of 0.86. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The stock’s 50 day moving average is $465.57 and its 200-day moving average is $417.55.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.43 earnings per share. On average, research analysts forecast that Domino’s Pizza will post 15.72 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of the business’s 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently added to or reduced their stakes in DPZ. AE Wealth Management LLC bought a new position in Domino’s Pizza in the third quarter worth about $735,000. Exchange Traded Concepts LLC increased its holdings in shares of Domino’s Pizza by 284.4% during the third quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 182 shares in the last quarter. Czech National Bank increased its holdings in shares of Domino’s Pizza by 46.6% during the third quarter. Czech National Bank now owns 6,134 shares of the restaurant operator’s stock valued at $2,323,000 after acquiring an additional 1,951 shares in the last quarter. Asset Management One Co. Ltd. increased 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 in the last quarter. Finally, TFG Advisers LLC boosted its position in Domino’s Pizza by 3.7% in the third quarter. TFG Advisers LLC now owns 2,150 shares of the restaurant operator’s stock valued at $814,000 after buying an additional 77 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.