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 raised by research analysts at Morgan Stanley from $510.00 to $514.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the restaurant operator's stock. Morgan Stanley's price objective suggests a potential upside of 10.90% from the company's current price.

A number of other analysts have also recently commented on the stock. Loop Capital lifted their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the stock a "buy" rating in a research note on Monday, April 28th. Royal Bank Of Canada lifted their price objective on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Stephens restated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $487.33.

Domino's Pizza Stock Up 0.9%

Shares of Domino's Pizza stock opened at $463.48 on Thursday. The firm's 50 day moving average price is $467.81 and its 200-day moving average price is $458.31. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $500.55. The company has a market cap of $15.87 billion, a P/E ratio of 26.58, a PEG ratio of 2.61 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business earned $3.58 EPS. As a group, equities research analysts forecast that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Domino's Pizza

A number of hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc raised 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 buying an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino's Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares during the last quarter. Geode Capital Management LLC increased its position in Domino's Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. increased its position in 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 last quarter. Finally, Norges Bank acquired a new stake in Domino's Pizza during the fourth quarter worth about $250,571,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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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