Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price boosted by equities research analysts at Loop Capital from $564.00 to $574.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Loop Capital's target price would indicate a potential upside of 19.34% from the company's previous close.
Other equities analysts have also issued reports about the stock. BMO Capital Markets boosted their price target on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. TD Securities reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. Bank of America raised their price target on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Sanford C. Bernstein raised their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday. Finally, UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $491.52.
Check Out Our Latest Research Report on DPZ
Domino's Pizza Price Performance
Shares of DPZ traded up $18.73 during midday trading on Tuesday, reaching $480.97. 1,234,292 shares of the stock were exchanged, compared to its average volume of 637,951. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.63 and a beta of 1.09. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $500.55. The business's 50-day moving average price is $466.13 and its 200 day moving average price 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 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business posted $4.03 EPS. The business's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Berkshire Hathaway Inc increased its stake in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Norges Bank bought a new stake in shares of Domino's Pizza during the 4th quarter worth $250,571,000. GAMMA Investing LLC lifted its stake in 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 worth $119,480,000 after purchasing an additional 259,566 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Domino's Pizza in the first quarter worth $110,348,000. Finally, Invesco Ltd. boosted its holdings in shares of Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the period. 94.63% of the stock is currently owned by institutional investors.
About Domino's Pizza
(
Get Free Report)
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.
Further Reading
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