Domino's Pizza (NYSE:DPZ) had its price target upped by stock analysts at Deutsche Bank to $220.00 in a report released on Thursday. The firm presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank’s price target would suggest a potential upside of 9.95% from the company’s current price.
DPZ has been the topic of several other research reports. Credit Suisse Group upped their price target on shares of Domino's Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Domino's Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Maxim Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Domino's Pizza in a report on Friday, December 22nd. Nomura raised shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price target on the stock in a report on Wednesday, November 29th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Domino's Pizza in a report on Monday, November 6th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Domino's Pizza currently has a consensus rating of “Buy” and a consensus price target of $212.42.
Domino's Pizza (DPZ) traded down $6.62 during midday trading on Thursday, reaching $200.09. 2,404,600 shares of the company’s stock were exchanged, compared to its average volume of 1,271,829. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The firm has a market capitalization of $9,130.00, a price-to-earnings ratio of 38.11, a PEG ratio of 1.69 and a beta of 0.37. Domino's Pizza has a one year low of $164.32 and a one year high of $221.58.
In related news, insider Russell J. Weiner sold 7,276 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the completion of the transaction, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The disclosure for this sale can be found here. Corporate insiders own 3.57% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. MML Investors Services LLC increased its position in Domino's Pizza by 3.2% during the second quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock worth $297,000 after purchasing an additional 44 shares during the last quarter. Toronto Dominion Bank increased its position in Domino's Pizza by 12.2% during 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 during the last quarter. Commonwealth Bank of Australia increased its position in Domino's Pizza by 25.0% during 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 during the last quarter. Dorsey Wright & Associates increased its position in Domino's Pizza by 1.8% during the second quarter. Dorsey Wright & Associates now owns 7,907 shares of the restaurant operator’s stock worth $1,673,000 after purchasing an additional 136 shares during the last quarter. Finally, Eaton Vance Management increased its position in Domino's Pizza by 2.2% during the second quarter. Eaton Vance Management now owns 6,848 shares of the restaurant operator’s stock worth $1,449,000 after purchasing an additional 148 shares during the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.
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.
