Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating restated by Maxim Group in a report released on Friday, February 22nd. They currently have a $305.00 price target on the restaurant operator’s stock, down from their prior price target of $310.00. Maxim Group’s target price would indicate a potential upside of 25.03% from the company’s previous close.
DPZ has been the topic of several other research reports. Wells Fargo & Co reduced their target price on shares of Domino’s Pizza from $255.00 to $230.00 and set a “market perform” rating on the stock in a report on Friday, January 11th. UBS Group reissued a “hold” rating on shares of Domino’s Pizza in a report on Wednesday, November 7th. Cowen began coverage on shares of Domino’s Pizza in a report on Friday, January 11th. They issued an “outperform” rating and a $290.00 price target on the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Tuesday, December 18th. Finally, Robert W. Baird raised their price target on shares of Domino’s Pizza from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of “Buy” and an average target price of $286.90.
NYSE DPZ traded down $4.82 on Friday, hitting $243.94. The stock had a trading volume of 637,400 shares, compared to its average volume of 837,948. Domino’s Pizza has a 52-week low of $225.25 and a 52-week high of $305.34. The stock has a market capitalization of $10.21 billion, a PE ratio of 28.97, a P/E/G ratio of 1.77 and a beta of 0.57.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $2.62 EPS for the quarter, missing the Zacks’ consensus estimate of $2.69 by ($0.07). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Domino’s Pizza had a negative return on equity of 12.46% and a net margin of 10.54%. Domino’s Pizza’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. On average, analysts forecast that Domino’s Pizza will post 9.36 EPS for the current fiscal year.
In other Domino’s Pizza news, Director James A. Goldman sold 1,190 shares of Domino’s Pizza stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $247.24, for a total value of $294,215.60. Following the completion of the transaction, the director now directly owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.97% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its position in Domino’s Pizza by 24.1% during the fourth quarter. American Century Companies Inc. now owns 281,808 shares of the restaurant operator’s stock valued at $69,886,000 after buying an additional 54,794 shares during the period. Norges Bank bought a new stake in Domino’s Pizza during the fourth quarter valued at approximately $116,931,000. Dimensional Fund Advisors LP grew its position in Domino’s Pizza by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,897 shares of the restaurant operator’s stock valued at $41,148,000 after buying an additional 3,325 shares during the period. FMR LLC grew its position in Domino’s Pizza by 51.2% during the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock valued at $512,206,000 after buying an additional 699,502 shares during the period. Finally, APG Asset Management N.V. grew its position in Domino’s Pizza by 35.7% during the fourth quarter. APG Asset Management N.V. now owns 13,300 shares of the restaurant operator’s stock valued at $2,885,000 after buying an additional 3,500 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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