Citigroup Issues Positive Forecast for Domino's Pizza (NASDAQ:DPZ) Stock Price

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target hoisted by analysts at Citigroup from $480.00 to $500.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Citigroup's price objective points to a potential upside of 4.85% from the stock's previous close.

A number of other research firms also recently issued reports on DPZ. TD Securities reissued a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Monday. Guggenheim upped their target price on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Stock Down 0.9 %

Shares of DPZ stock traded down $4.50 on Tuesday, reaching $476.89. The stock had a trading volume of 78,615 shares, compared to its average volume of 619,247. The firm's 50-day moving average is $464.42 and its two-hundred day moving average is $449.81. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza has a 12 month low of $396.06 and a 12 month high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS 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 the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.58 earnings per share. On average, sell-side analysts forecast that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domino's Pizza

Institutional investors have recently made changes to their positions in the stock. KG&L Capital Management LLC lifted its stake in Domino's Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock worth $724,000 after purchasing an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Domino's Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after buying an additional 23 shares during the last quarter. Allworth Financial LP boosted its stake in Domino's Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after buying an additional 24 shares in the last quarter. Lodestone Wealth Management LLC boosted its stake in Domino's Pizza by 4.4% in the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after buying an additional 25 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Domino's Pizza by 1.1% during the first quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock worth $1,094,000 after acquiring an additional 25 shares in the last quarter. 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.