Domino's Pizza (DPZ) PT Raised to $240.00

Domino's Pizza (NYSE:DPZ) had its target price increased by stock analysts at Barclays from $215.00 to $240.00 in a research note issued on Tuesday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ price objective suggests a potential upside of 12.39% from the company’s current price.

DPZ has been the subject of a number of other reports. Nomura lifted their price target on shares of Domino's Pizza to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Oppenheimer upgraded shares of Domino's Pizza to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, January 4th. 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 research report on Thursday, January 4th. They noted that the move was a valuation call. Instinet restated a “neutral” rating and set a $201.00 price objective (up from $198.00) on shares of Domino's Pizza in a research report on Wednesday, October 4th. Finally, Guggenheim restated a “buy” rating and set a $230.00 price objective on shares of Domino's Pizza in a research report on Friday, October 13th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $215.96.

Domino's Pizza (NYSE DPZ) traded up $2.63 during midday trading on Tuesday, hitting $213.54. 615,679 shares of the stock were exchanged, compared to its average volume of 1,010,000. 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 52 week low of $165.67 and a 52 week high of $221.58. The firm has a market capitalization of $9,340.00, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.37.

In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 26,841 shares in the company, valued at $4,962,095.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.57% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in DPZ. Renaissance Technologies LLC increased its holdings in shares of Domino's Pizza by 43.7% during the second quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after buying an additional 930,200 shares in the last quarter. Koch Industries Inc. increased its holdings in shares of Domino's Pizza by 21,599.0% during the second quarter. Koch Industries Inc. now owns 568,730 shares of the restaurant operator’s stock worth $566,000 after buying an additional 566,109 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Domino's Pizza by 8,627.9% during the second quarter. Janus Henderson Group PLC now owns 410,559 shares of the restaurant operator’s stock worth $86,845,000 after buying an additional 405,855 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Domino's Pizza by 8.5% during the second quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after buying an additional 327,585 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Domino's Pizza during the third quarter worth $32,236,000.

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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.

Analyst Recommendations for Domino's Pizza (NYSE:DPZ)



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