Domino's Pizza (NASDAQ:DPZ) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target lifted by research analysts at Royal Bank of Canada from $500.00 to $550.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the restaurant operator's stock. Royal Bank of Canada's price objective would suggest a potential upside of 11.54% from the company's previous close.

A number of other research firms have also recently issued reports on DPZ. Guggenheim raised their target price on shares of Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Bank of America boosted their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday. Stephens reissued an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, Barclays raised their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average price target of $502.08.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $2.46 on Tuesday, reaching $493.10. The company had a trading volume of 244,114 shares, compared to its average volume of 628,380. The company's fifty day moving average is $462.91 and its 200-day moving average is $448.85. 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 $16.91 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results 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 net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $3.58 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Domino's Pizza will post 16.74 earnings per share for the current year.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % 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 three months. Corporate insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc grew its position 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 purchased a new position in Domino's Pizza during the fourth quarter valued at approximately $250,571,000. GAMMA Investing LLC grew its stake in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after acquiring an additional 259,566 shares in the last quarter. Invesco Ltd. lifted its stake in 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 purchasing an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Domino's Pizza during the 4th quarter valued at $56,647,000. 94.63% of the stock is owned by 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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