BMO Capital Markets Raises Domino’s Pizza (NYSE:DPZ) Price Target to $575.00

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by equities researchers at BMO Capital Markets from $535.00 to $575.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 9.08% from the company’s current price.

Other analysts also recently issued reports about the company. 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. Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a research note on Tuesday, February 27th. Sanford C. Bernstein upgraded shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. UBS Group raised their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Stifel Nicolaus raised their price objective on shares of 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 given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $471.15.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ opened at $527.12 on Tuesday. The business’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 price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $539.99.

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

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred 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 directly 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 through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred 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 owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently bought and sold shares of the business. Tritonpoint Wealth LLC bought a new stake in Domino’s Pizza in the fourth quarter valued at approximately $1,980,000. Nisa Investment Advisors LLC increased its stake in Domino’s Pizza by 353.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after purchasing an additional 3,189 shares in the last quarter. International Assets Investment Management LLC increased its stake in Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares in the last quarter. Deutsche Bank AG increased its stake in Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock valued at $42,609,000 after purchasing an additional 32,797 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Domino’s Pizza in the fourth quarter valued at approximately $269,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.