Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $490.40

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have received an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $487.00.

Several research firms recently commented on DPZ. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Piper Sandler reissued a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Citigroup decreased their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Sanford C. Bernstein reiterated a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Finally, TD Cowen reissued a “hold” rating and issued a $460.00 price target (down previously from $500.00) on shares of Domino’s Pizza in a research note on Monday.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its stake in Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after purchasing an additional 228 shares during the last quarter. Berkshire Hathaway Inc increased its holdings in shares of Domino’s Pizza by 0.5% in the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after buying an additional 13,255 shares during the period. Railway Pension Investments Ltd lifted its stake in shares of Domino’s Pizza by 304.2% in the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after acquiring an additional 7,300 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Domino’s Pizza by 1,891.7% during the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after acquiring an additional 68,309 shares during the period. Finally, Sterling Capital Management LLC grew its position in Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after acquiring an additional 171,811 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Down 1.2%

Shares of DPZ opened at $406.50 on Friday. Domino’s Pizza has a twelve month low of $392.89 and a twelve month high of $500.55. The stock has a market cap of $13.74 billion, a PE ratio of 23.76, a P/E/G ratio of 1.94 and a beta of 1.15. The business’s 50-day moving average price is $416.57 and its 200-day moving average price is $435.82.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.19 EPS. Analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.