Oppenheimer Increases Domino's Pizza (DPZ) Price Target to $230.00

Domino's Pizza (NYSE:DPZ) had its price objective increased by research analysts at Oppenheimer from $220.00 to $230.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price suggests a potential upside of 9.64% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Mizuho assumed coverage on shares of Domino's Pizza in a report on Wednesday, January 24th. They issued a “buy” rating and a $250.00 price objective on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $220.00 price objective (down previously from $235.00) on shares of Domino's Pizza in a report on Tuesday, January 23rd. Barclays boosted their price objective on shares of Domino's Pizza from $215.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Deutsche Bank boosted their target price on shares of Domino's Pizza to $220.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Nomura boosted their target price on shares of Domino's Pizza to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $219.91.

Shares of Domino's Pizza (NYSE DPZ) traded up $1.78 during mid-day trading on Wednesday, reaching $209.78. 918,303 shares of the company’s stock were exchanged, compared to its average volume of 1,020,000. Domino's Pizza has a 52-week low of $166.74 and a 52-week high of $221.91. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. The firm has a market cap of $9,170.00, a price-to-earnings ratio of 39.96, a P/E/G ratio of 1.75 and a beta of 0.45.

In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.57% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Tyers Asset Management LLC grew its position in shares of Domino's Pizza by 13.0% during the 4th quarter. Tyers Asset Management LLC now owns 3,472 shares of the restaurant operator’s stock valued at $656,000 after buying an additional 400 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Domino's Pizza by 1.0% during the 4th quarter. Teachers Advisors LLC now owns 51,791 shares of the restaurant operator’s stock valued at $9,786,000 after buying an additional 512 shares during the last quarter. HBK Investments L P grew its position in shares of Domino's Pizza by 119.3% during the 4th quarter. HBK Investments L P now owns 117,548 shares of the restaurant operator’s stock valued at $22,212,000 after buying an additional 63,948 shares during the last quarter. Viking Global Investors LP grew its position in shares of Domino's Pizza by 473.7% during the 4th quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock valued at $388,968,000 after buying an additional 1,699,678 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Domino's Pizza by 10.9% during the 4th quarter. Franklin Resources Inc. now owns 180,098 shares of the restaurant operator’s stock valued at $34,031,000 after buying an additional 17,691 shares during the last quarter. 94.20% 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.

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

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