Morgan Stanley Forecasts Strong Price Appreciation for Domino's Pizza (NASDAQ:DPZ) Stock

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price raised by analysts at Morgan Stanley from $492.00 to $510.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the restaurant operator's stock. Morgan Stanley's price target would indicate a potential upside of 3.77% from the stock's previous close.

A number of other research firms have also recently commented on DPZ. Wedbush reiterated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, February 25th. Robert W. Baird increased their price objective on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 1st. BTIG Research set a $530.00 target price on Domino's Pizza and gave the company a "buy" rating in a research report on Monday. Finally, Benchmark upped their target price on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $502.20.

Domino's Pizza Trading Up 0.2 %

Domino's Pizza stock opened at $491.49 on Tuesday. The business's fifty day simple moving average is $462.91 and its two-hundred day simple moving average is $448.85. Domino's Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion during 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%. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.58 earnings per share. On average, equities research analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 in the last quarter. Company insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

A number of large investors have recently modified their holdings of DPZ. KG&L Capital Management LLC lifted its holdings in shares of Domino's Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock valued at $724,000 after purchasing an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Domino's Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after buying an additional 23 shares in the last quarter. Lodestone Wealth Management LLC raised its stake in Domino's Pizza by 4.4% during the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock valued at $270,000 after purchasing an additional 25 shares during the period. Greenleaf Trust grew its stake in Domino's Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator's stock valued at $358,000 after acquiring an additional 26 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

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.

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