Domino's Pizza (NYSE:DPZ) Price Target Raised to $580.00

Domino's Pizza (NYSE:DPZ - Get Free Report) had its target price raised by equities researchers at BTIG Research from $515.00 to $580.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. BTIG Research's price target would suggest a potential upside of 9.58% from the company's previous close.

DPZ has been the topic of several other reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $430.00 price objective (up from $420.00) on shares of Domino's Pizza in a report on Tuesday, February 27th. BMO Capital Markets boosted their target price on Domino's Pizza from $535.00 to $575.00 and gave the stock an "outperform" rating in a report on Tuesday. Stephens boosted their target price on Domino's Pizza from $479.00 to $513.00 and gave the stock an "equal weight" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Domino's Pizza from $555.00 to $580.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, TD Cowen restated a "buy" rating and set a $550.00 target price on shares of Domino's Pizza in a report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $516.19.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $2.14 on Tuesday, hitting $529.27. The company's stock had a trading volume of 1,299,814 shares, compared to its average volume of 595,506. Domino's Pizza has a 1 year low of $285.84 and a 1 year high of $542.75. The firm has a fifty day moving average price of $469.22 and a 200-day moving average price of $420.72. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino's Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm posted $2.93 EPS. Domino's Pizza's revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Domino's Pizza will post 15.72 EPS for the current year.

Insider Activity

In other news, EVP Cynthia A. Headen sold 768 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of Domino's Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Several hedge funds and other institutional investors have recently modified their holdings of DPZ. Exchange Traded Concepts LLC increased its position in shares of Domino's Pizza by 284.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator's stock worth $93,000 after purchasing an additional 182 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Domino's Pizza by 7.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator's stock valued at $5,745,000 after buying an additional 1,050 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Domino's Pizza by 37.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,462 shares of the restaurant operator's stock valued at $2,827,000 after buying an additional 2,020 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Domino's Pizza by 18.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,621 shares of the restaurant operator's stock valued at $4,402,000 after buying an additional 1,800 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Domino's Pizza by 13.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,144 shares of the restaurant operator's stock valued at $9,146,000 after buying an additional 2,908 shares during the period. 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.