Domino's Pizza (NYSE:DPZ) had its price objective upped by equities research analysts at Nomura to $230.00 in a report issued on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Nomura’s price objective points to a potential upside of 14.95% from the stock’s previous close.
Several other brokerages have also recently commented on DPZ. Barclays raised their target price on shares of Domino's Pizza from $184.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday. Maxim Group raised their price target on shares of Domino's Pizza from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded 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 Friday, January 5th. Credit Suisse Group upgraded shares of Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated a “market perform” rating and set a $210.00 price target (up from $204.00) on shares of Domino's Pizza in a report on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino's Pizza presently has a consensus rating of “Buy” and an average target price of $212.42.
Shares of Domino's Pizza (DPZ) traded down $6.62 during trading hours on Thursday, reaching $200.09. 2,404,600 shares of the company traded hands, compared to its average volume of 1,271,829. The company has a market cap of $9,130.00, a P/E ratio of 38.11, a PEG ratio of 1.69 and a beta of 0.37. Domino's Pizza has a 12-month low of $164.32 and a 12-month high of $221.58. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49.
In other news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, 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 SEC, which is available at this link. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the sale, 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. 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 lifted its holdings in Domino's Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Domino's Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Domino's Pizza during the 2nd quarter valued at $127,000. FNY Partners Fund LP acquired a new stake in Domino's Pizza during the 3rd quarter valued at $158,000. Finally, Synovus Financial Corp acquired a new stake in Domino's Pizza during the 3rd quarter valued at $206,000. 94.18% of the stock is owned by institutional investors and hedge funds.
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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.
