Morgan Stanley Issues Positive Forecast for Domino's Pizza (NASDAQ:DPZ) Stock Price

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price increased by analysts at Morgan Stanley from $492.00 to $510.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. Morgan Stanley's price target would indicate a potential upside of 5.24% from the stock's previous close.

DPZ has been the subject of a number of other reports. Robert W. Baird lifted their price target on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a report on Tuesday, April 1st. Wells Fargo & Company raised their price target on Domino's Pizza from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Price Performance

DPZ traded up $3.22 during trading hours on Tuesday, reaching $484.61. The company's stock had a trading volume of 594,853 shares, compared to its average volume of 621,956. The stock has a market cap of $16.59 billion, a PE ratio of 29.77, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The business's 50-day moving average is $464.71 and its 200-day moving average is $450.36.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.58 EPS. Analysts expect that Domino's Pizza will post 16.74 EPS for the current year.

Insider Activity

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sherman Asset Management Inc. purchased a new position in shares of Domino's Pizza during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino's Pizza in the first quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Domino's Pizza during the first quarter worth approximately $27,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.