Bank of America Boosts Domino’s Pizza (NASDAQ:DPZ) Price Target to $549.00

Domino’s Pizza (NASDAQ:DPZ) had its price target hoisted by Bank of America from $520.00 to $549.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Bank of America‘s target price would indicate a potential upside of 11.96% from the stock’s current price.

Several other research firms have also commented on DPZ. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Robert W. Baird raised their target price on Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Barclays upped their price target on Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a report on Tuesday, April 22nd. Oppenheimer lifted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets upped their target price on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $498.50.

Domino’s Pizza Trading Down 0.6 %

Shares of DPZ opened at $490.37 on Tuesday. The stock’s fifty day simple moving average is $463.90 and its 200 day simple moving average is $449.45. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $538.44. The firm has a market capitalization of $16.82 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds have recently made changes to their positions in the business. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the period. Principal Financial Group Inc. grew its stake in shares of Domino’s Pizza by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares during the period. Invesco Ltd. raised its stake in shares of Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth about $250,571,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.