Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $490.00

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective lifted by equities researchers at Wells Fargo & Company from $465.00 to $490.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Wells Fargo & Company's target price would suggest a potential upside of 3.33% from the company's current price.

A number of other equities research analysts also recently weighed in on DPZ. Bank of America raised their price target on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Loop Capital boosted their target price on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Melius began coverage on Domino's Pizza in a report on Monday, July 14th. They issued a "hold" rating and a $500.00 price target on the stock. Finally, TD Securities reiterated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $489.27.

Domino's Pizza Price Performance

NASDAQ DPZ traded up $11.95 during trading on Tuesday, reaching $474.19. 315,444 shares of the company's stock traded hands, compared to its average volume of 634,340. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09. Domino's Pizza has a 12-month low of $396.06 and a 12-month high of $500.55. The company's 50 day simple moving average is $466.13 and its two-hundred day simple moving average is $460.71.

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 for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.03 EPS. Research analysts expect that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domino's Pizza

Several hedge funds and other institutional investors have recently modified their holdings of the business. Berkshire Hathaway Inc grew its holdings in shares of Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Norges Bank acquired a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $250,571,000. GAMMA Investing LLC grew its holdings in shares of Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of Domino's Pizza in the first quarter valued at approximately $110,348,000. Finally, Invesco Ltd. grew its holdings in shares of Domino's Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 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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