Domino’s Pizza (NYSE:DPZ) Given New $600.00 Price Target at Argus

Domino’s Pizza (NYSE:DPZ) had its price target increased by equities researchers at Argus from $580.00 to $600.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Argus’ price objective suggests a potential upside of 11.42% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI raised their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Piper Sandler upped their target price on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Stifel Nicolaus increased their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Jefferies Financial Group lifted their price objective on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $491.30.

Domino’s Pizza Price Performance

Shares of DPZ traded up $11.39 on Tuesday, hitting $538.52. The company’s stock had a trading volume of 376,585 shares, compared to its average volume of 583,466. The company has a 50 day moving average price of $469.22 and a 200 day moving average price of $420.72. The company has a market capitalization of $18.76 billion, a PE ratio of 36.90, a PEG ratio of 2.61 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 $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 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 for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.93 EPS. On average, equities analysts forecast that Domino’s Pizza will post 15.72 EPS for the current year.

Insider Buying and Selling

In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a filing 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 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 in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following 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. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its stake in shares of Domino’s Pizza by 284.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 182 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Domino’s Pizza by 7.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock worth $5,745,000 after acquiring an additional 1,050 shares during the period. Commonwealth Equity Services LLC raised its holdings in Domino’s Pizza by 37.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,462 shares of the restaurant operator’s stock valued at $2,827,000 after acquiring an additional 2,020 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Domino’s Pizza by 18.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,621 shares of the restaurant operator’s stock valued at $4,402,000 after purchasing an additional 1,800 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Domino’s Pizza by 13.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,144 shares of the restaurant operator’s stock worth $9,146,000 after acquiring an additional 2,908 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.