Domino's Pizza (NASDAQ:DPZ) Given New $465.00 Price Target at Wells Fargo & Company

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective hoisted by equities researchers at Wells Fargo & Company from $445.00 to $465.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Wells Fargo & Company's price objective would suggest a potential downside of 5.70% from the company's previous close.

A number of other research analysts have also recently commented on the company. BTIG Research set a $530.00 target price on Domino's Pizza and gave the company a "buy" rating in a research note on Monday. Argus cut shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday. Benchmark raised their price objective on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Citigroup lowered their target price on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average price target of $504.00.

Domino's Pizza Price Performance

NASDAQ:DPZ traded up $2.48 during trading hours on Tuesday, hitting $493.12. The stock had a trading volume of 139,584 shares, compared to its average volume of 627,973. The company has a 50 day simple moving average of $462.91 and a two-hundred day simple moving average of $448.85. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza has a one year low of $396.06 and a one year high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.58 EPS. Equities research analysts anticipate that Domino's Pizza will post 16.74 earnings per share for the current year.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last three months. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Domino's Pizza

Several institutional investors have recently bought and sold shares of DPZ. IFM Investors Pty Ltd lifted its stake in shares of Domino's Pizza by 14.5% in the first quarter. IFM Investors Pty Ltd now owns 7,150 shares of the restaurant operator's stock worth $3,076,000 after buying an additional 906 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Domino's Pizza by 15.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 899 shares of the restaurant operator's stock worth $413,000 after acquiring an additional 121 shares during the last quarter. Palisade Capital Management LP lifted its position in Domino's Pizza by 0.7% in the 1st quarter. Palisade Capital Management LP now owns 15,454 shares of the restaurant operator's stock valued at $7,100,000 after acquiring an additional 100 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Domino's Pizza by 21.4% during the 1st quarter. D.A. Davidson & CO. now owns 5,985 shares of the restaurant operator's stock valued at $2,750,000 after purchasing an additional 1,057 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Domino's Pizza by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. 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.

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