Maxim Group Raises Domino's Pizza (DPZ) Price Target to $250.00

Domino's Pizza (NYSE:DPZ) had its target price increased by stock analysts at Maxim Group from $240.00 to $250.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target indicates a potential upside of 24.94% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus started coverage on shares of Domino's Pizza in a research report on Monday, October 2nd. They set a “buy” rating and a $235.00 target price on the stock. Zacks Investment Research raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a research report on Friday, September 15th. Guggenheim reissued a “buy” rating and issued a $230.00 price objective on shares of Domino's Pizza in a research report on Friday, October 13th. Longbow Research reissued a “buy” rating and issued a $215.00 price objective on shares of Domino's Pizza in a research report on Tuesday, November 28th. Finally, Nomura raised shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price objective on the stock in a research report on Wednesday, November 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $208.92.

Shares of Domino's Pizza (NYSE DPZ) opened at $200.09 on Thursday. 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 stock has a market cap of $8,750.00, a PE ratio of 38.11, a PEG 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.

Domino's Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.05. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. sell-side analysts anticipate that Domino's Pizza will post 5.78 earnings per share for the current fiscal year.

In other news, insider Russell J. Weiner sold 7,276 shares of the firm’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 transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at $3,424,785. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the firm’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 in the company, valued at $4,962,095.67. The disclosure for this sale can be found here. Company insiders own 3.57% of the company’s stock.

Several large investors have recently modified their holdings of DPZ. IHT Wealth Management LLC boosted its stake in shares of Domino's Pizza by 19.5% during the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Domino's Pizza by 25.0% during the second 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 in the last quarter. BlackRock Japan Co. Ltd bought a new position in shares of Domino's Pizza during the first quarter valued at approximately $111,000. Trust Co. of Vermont boosted its stake in shares of Domino's Pizza by 354.7% during the third quarter. Trust Co. of Vermont now owns 782 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 610 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Domino's Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors and hedge funds.

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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.