Guggenheim Boosts Domino's Pizza (NASDAQ:DPZ) Price Target to $460.00

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price boosted by investment analysts at Guggenheim from $450.00 to $460.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Guggenheim's target price would indicate a potential downside of 5.66% from the stock's current price.

Several other research analysts have also weighed in on the stock. Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays upped their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Domino's Pizza from $420.00 to $445.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Stephens reaffirmed an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Citigroup reduced their price target on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $499.48.

Domino's Pizza Stock Down 0.1 %

Shares of Domino's Pizza stock traded down $0.39 during midday trading on Tuesday, hitting $487.58. The company's stock had a trading volume of 1,019,996 shares, compared to its average volume of 626,664. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The firm has a market capitalization of $16.72 billion, a P/E ratio of 29.95, a PEG ratio of 2.47 and a beta of 1.15. The stock has a 50-day simple moving average of $462.60 and a 200-day simple moving average of $448.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.47 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 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.48 earnings per share. As a group, sell-side analysts predict 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 stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value 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. This represents a 4.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank boosted its stake in Domino's Pizza by 1.1% during the first quarter. Amalgamated Bank now owns 6,924 shares of the restaurant operator's stock worth $3,181,000 after buying an additional 75 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Domino's Pizza during the 1st quarter valued at about $3,595,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Domino's Pizza by 3.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,546 shares of the restaurant operator's stock valued at $37,007,000 after acquiring an additional 2,391 shares during the period. Lafayette Investments Inc. raised its position in Domino's Pizza by 10.9% in the first quarter. Lafayette Investments Inc. now owns 905 shares of the restaurant operator's stock worth $416,000 after purchasing an additional 89 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its stake in Domino's Pizza by 27.6% during the first quarter. Achmea Investment Management B.V. now owns 15,154 shares of the restaurant operator's stock worth $6,963,000 after purchasing an additional 3,281 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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.