Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $540.00 at BMO Capital Markets

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price objective lifted by equities researchers at BMO Capital Markets from $515.00 to $540.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the restaurant operator's stock. BMO Capital Markets' price objective would suggest a potential upside of 11.43% from the stock's current price.

A number of other brokerages have also commented on DPZ. 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. Barclays increased their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 22nd. Loop Capital raised their price objective on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a report on Tuesday. Wells Fargo & Company upped 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. Finally, Citigroup decreased their price target 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $3.22 on Tuesday, reaching $484.61. The company had a trading volume of 594,853 shares, compared to its average volume of 621,802. The company's fifty day moving average is $464.71 and its 200-day moving average is $450.21. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $538.44.

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

Insider Activity at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the business's 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 transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 over the last quarter. 0.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domino's Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza in the 1st quarter valued at $25,000. LRI Investments LLC bought a new position in Domino's Pizza in the first quarter valued at about $27,000. Sherman Asset Management Inc. acquired a new stake in shares of Domino's Pizza during the fourth quarter valued at about $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza during the fourth quarter worth about $25,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the period. 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.