Domino's Pizza (NYSE:DPZ) was upgraded by analysts at Oppenheimer to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $220.00 target price on the restaurant operator’s stock. Oppenheimer’s price target would suggest a potential upside of 14.79% from the stock’s previous close.
A number of other brokerages also recently weighed in on DPZ. Wells Fargo & Co reissued a “market perform” rating and issued a $210.00 price target (up from $204.00) on shares of Domino's Pizza in a report on Monday, October 2nd. Zacks Investment Research raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a report on Thursday, September 21st. Maxim Group raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $220.00 to $230.00 in a report on Thursday, November 2nd. Credit Suisse Group started coverage on shares of Domino's Pizza in a report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of Domino's Pizza from $235.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $208.42.
Shares of Domino's Pizza (DPZ) traded up $4.72 during trading on Thursday, reaching $191.66. 646,700 shares of the company’s stock were exchanged, compared to its average volume of 786,450. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. Domino's Pizza has a 12-month low of $158.05 and a 12-month high of $221.58. The company has a market cap of $8,730.00, a P/E ratio of 36.51, a PEG ratio of 1.62 and a beta of 0.37.
Domino's Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. Domino's Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The firm had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 13.6% on a year-over-year basis. analysts forecast that Domino's Pizza will post 5.79 earnings per share for the current year.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the sale, the chief financial officer now owns 26,841 shares in the company, valued at approximately $4,962,095.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the sale, the insider now owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The disclosure for this sale can be found here. Corporate insiders own 3.57% of the company’s stock.
Several institutional investors have recently made changes to their positions in DPZ. Commonwealth Bank of Australia increased its position in shares of Domino's Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Domino's Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Domino's Pizza during the 2nd quarter worth about $127,000. FNY Partners Fund LP acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth about $158,000. Finally, Synovus Financial Corp acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth about $206,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
About Domino's Pizza
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.