Barclays Raises Domino's Pizza (DPZ) Price Target to $215.00

Domino's Pizza (NYSE:DPZ) had its price objective boosted by analysts at Barclays from $184.00 to $215.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ price target would suggest a potential upside of 2.45% from the company’s current price.

A number of other analysts have also issued reports on DPZ. Maxim Group boosted their target price on shares of Domino's Pizza from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research note on Friday, January 5th. Credit Suisse Group raised shares of Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research note on Thursday, January 4th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $210.00 price objective (up from $204.00) on shares of Domino's Pizza in a research note on Monday, October 2nd. Finally, Instinet reaffirmed a “neutral” rating and issued a $201.00 price objective (up from $198.00) on shares of Domino's Pizza in a research note on Wednesday, October 4th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino's Pizza has a consensus rating of “Buy” and a consensus price target of $212.42.

Shares of Domino's Pizza (NYSE DPZ) traded up $9.76 on Thursday, hitting $209.85. 1,463,600 shares of the stock were exchanged, compared to its average volume of 1,090,000. The stock has a market capitalization of $9,180.00, a price-to-earnings ratio of 39.97, a P/E/G ratio of 1.69 and a beta of 0.37. Domino's Pizza has a 1 year low of $164.32 and a 1 year high of $221.58. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39.

Domino's Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. Domino's Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. equities analysts forecast that Domino's Pizza will post 5.78 EPS for the current year.

In other Domino's Pizza news, insider Russell J. Weiner sold 7,276 shares of the business’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 completion of the transaction, the insider now directly owns 17,563 shares in the company, valued at $3,424,785. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the transaction, the chief financial officer now owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Commonwealth Bank of Australia raised its holdings in Domino's Pizza by 25.0% in the second 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 raised its holdings in Domino's Pizza by 12.2% in the second 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 bought a new position in Domino's Pizza in the second quarter worth about $127,000. FNY Partners Fund LP bought a new position in Domino's Pizza in the third quarter worth about $158,000. Finally, Synovus Financial Corp bought a new position in Domino's Pizza in the third quarter worth about $206,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Barclays Raises Domino's Pizza (DPZ) Price Target to $215.00” was posted by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/11/barclays-raises-dominos-pizza-dpz-price-target-to-215-00.html.

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.