Domino's Pizza (NYSE:DPZ) had its price target dropped by analysts at Stifel Nicolaus from $235.00 to $225.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price indicates a potential upside of 21.60% from the company’s current price.
DPZ has been the topic of several other research reports. Zacks Investment Research raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research note on Monday, September 4th. Instinet reissued a “neutral” rating and issued a $201.00 target price (up previously from $198.00) on shares of Domino's Pizza in a research note on Wednesday, October 4th. Guggenheim reissued a “buy” rating and issued a $230.00 target price on shares of Domino's Pizza in a research note on Friday, October 13th. Maxim Group reissued a “hold” rating and issued a $220.00 target price on shares of Domino's Pizza in a research note on Friday, October 13th. Finally, Longbow Research reissued a “buy” rating and issued a $215.00 target price on shares of Domino's Pizza in a research note on Tuesday, November 28th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Domino's Pizza has an average rating of “Hold” and an average target price of $207.13.
Shares of Domino's Pizza (DPZ) traded up $2.52 on Tuesday, hitting $185.04. 1,241,315 shares of the stock traded hands, compared to its average volume of 992,804. Domino's Pizza has a 1-year low of $156.26 and a 1-year high of $221.58. The stock has a market capitalization of $8,091.23, a P/E ratio of 34.71, a P/E/G ratio of 1.92 and a beta of 0.37. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13.
In related news, insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total value of $1,418,820.00. Following the transaction, the insider now owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.57% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Domino's Pizza by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock worth $1,135,876,000 after acquiring an additional 24,988 shares in the last quarter. Vanguard Group Inc. grew its holdings in Domino's Pizza by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after acquiring an additional 327,585 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Domino's Pizza by 43.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after acquiring an additional 930,200 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Domino's Pizza by 26.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock worth $154,887,000 after acquiring an additional 154,417 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Domino's Pizza by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 615,384 shares of the restaurant operator’s stock worth $130,174,000 after acquiring an additional 12,025 shares in the last quarter. Institutional investors own 94.20% of the company’s stock.
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Domino's Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
