Domino's Pizza (NYSE:DPZ) Given Outperform Rating at Wedbush

Domino's Pizza (NYSE:DPZ - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Wedbush in a report released on Friday, Benzinga reports. They currently have a $520.00 target price on the restaurant operator's stock. Wedbush's target price points to a potential upside of 4.19% from the stock's current price.

A number of other research analysts also recently commented on DPZ. Gordon Haskett upgraded Domino's Pizza from a "hold" rating to a "buy" rating and set a $467.00 price objective on the stock in a report on Tuesday, January 16th. Sanford C. Bernstein raised Domino's Pizza from an "underperform" rating to a "market perform" rating and boosted their price target for the stock from $330.00 to $370.00 in a report on Tuesday, January 9th. Evercore ISI boosted their price target on Domino's Pizza from $510.00 to $560.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Barclays upped their target price on Domino's Pizza from $346.00 to $405.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets increased their price target on Domino's Pizza from $475.00 to $535.00 and gave the company an "outperform" rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $460.90.

Domino's Pizza Stock Performance

DPZ traded up $4.30 on Friday, hitting $499.07. The company had a trading volume of 955,448 shares, compared to its average volume of 570,463. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.55 and a beta of 0.86. The stock has a fifty day moving average price of $467.11 and a 200-day moving average price of $418.58. Domino's Pizza has a 12-month low of $285.84 and a 12-month high of $508.44.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating analysts' consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.42 billion. Domino's Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 earnings per share. Analysts forecast that Domino's Pizza will post 15.72 EPS for the current fiscal year.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 768 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. Coatue Management LLC bought a new stake in Domino's Pizza during the 4th quarter worth approximately $322,859,000. Norges Bank acquired a new stake in Domino's Pizza during the 4th quarter worth $208,604,000. International Assets Investment Management LLC raised its stake in Domino's Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator's stock worth $205,883,000 after buying an additional 498,170 shares during the period. TD Asset Management Inc raised its stake in shares of Domino's Pizza by 66.8% in the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator's stock valued at $204,924,000 after purchasing an additional 199,060 shares during the period. Finally, FMR LLC raised its stake in shares of Domino's Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator's stock valued at $541,202,000 after purchasing an additional 197,413 shares during the period. Hedge funds and other 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.