Barclays Boosts Domino's Pizza (NASDAQ:DPZ) Price Target to $425.00

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target boosted by equities researchers at Barclays from $420.00 to $425.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the restaurant operator's stock. Barclays's target price indicates a potential downside of 12.83% from the stock's current price.

DPZ has been the subject of several other reports. Royal Bank of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 1st. Wedbush restated an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. Robert W. Baird reduced their price target on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. BMO Capital Markets increased their price objective on shares of Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their target price on Domino's Pizza from $420.00 to $445.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $499.48.

Domino's Pizza Price Performance

Shares of DPZ stock traded down $0.39 on Tuesday, hitting $487.58. 1,019,996 shares of the stock traded hands, compared to its average volume of 626,664. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.47 and a beta of 1.15. The firm has a 50 day simple moving average of $462.60 and a two-hundred day simple moving average of $448.15. Domino's Pizza has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.48 earnings per share. Sell-side analysts forecast that Domino's Pizza will post 16.74 EPS for the current year.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 in the last 90 days. 0.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc increased its holdings in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Principal Financial Group Inc. boosted its position in Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after acquiring an additional 21,705 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Domino's Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after acquiring an additional 92,389 shares during the period. Invesco Ltd. raised its position in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Domino's Pizza during the 4th quarter worth $250,571,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

About Domino's Pizza

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.