Benchmark Raises Domino's Pizza (NASDAQ:DPZ) Price Target to $540.00

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective upped by equities researchers at Benchmark from $535.00 to $540.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Benchmark's price target suggests a potential upside of 11.48% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley boosted their price objective on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. BMO Capital Markets upped their price target on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company upped their price target on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research report on Tuesday. Barclays upped their price target on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday. Finally, TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $491.52.

Domino's Pizza Trading Up 1.7%

NASDAQ DPZ traded up $8.06 during midday trading on Tuesday, hitting $484.40. The company had a trading volume of 155,076 shares, compared to its average volume of 645,464. The company has a market capitalization of $16.45 billion, a PE ratio of 28.12, a P/E/G ratio of 2.62 and a beta of 1.09. The firm has a 50-day moving average price of $465.37 and a 200-day moving average price of $461.49. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.03 EPS. On average, equities analysts anticipate that Domino's Pizza will post 16.74 EPS for the current year.

Institutional Trading of Domino's Pizza

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its holdings in Domino's Pizza by 95.2% during the second quarter. CWM LLC now owns 1,932 shares of the restaurant operator's stock valued at $870,000 after purchasing an additional 942 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Domino's Pizza by 13.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,328 shares of the restaurant operator's stock valued at $1,500,000 after purchasing an additional 407 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Domino's Pizza by 2.7% during the second quarter. Concurrent Investment Advisors LLC now owns 2,447 shares of the restaurant operator's stock valued at $1,103,000 after purchasing an additional 65 shares during the period. Drucker Wealth 3.0 LLC bought a new position in Domino's Pizza during the second quarter valued at $404,000. Finally, Aberdeen Group plc grew its holdings in Domino's Pizza by 8.5% during the second quarter. Aberdeen Group plc now owns 26,208 shares of the restaurant operator's stock valued at $11,809,000 after purchasing an additional 2,058 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.