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Domino's Pizza (NYSE:DPZ) Stock Price Expected to Rise, Barclays Analyst Says

Domino's Pizza logo with Retail/Wholesale background

Domino's Pizza (NYSE:DPZ - Free Report) had its price target raised by Barclays from $370.00 to $412.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the restaurant operator's stock.

Several other brokerages have also recently commented on DPZ. Stephens reduced their target price on Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Evercore ISI reduced their target price on Domino's Pizza from $500.00 to $480.00 and set an "outperform" rating for the company in a research report on Monday, October 7th. Loop Capital raised Domino's Pizza from a "hold" rating to a "buy" rating and lifted their price objective for the company from $419.00 to $559.00 in a report on Friday, November 8th. Finally, TD Cowen lifted their price objective on Domino's Pizza from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $497.38.

Check Out Our Latest Report on DPZ

Domino's Pizza Stock Down 3.2 %

DPZ stock traded down $13.60 during midday trading on Tuesday, hitting $410.90. 833,626 shares of the company traded hands, compared to its average volume of 614,828. Domino's Pizza has a twelve month low of $395.08 and a twelve month high of $542.75. The business has a 50 day simple moving average of $442.90 and a 200-day simple moving average of $439.74. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.18 earnings per share. Equities research analysts forecast that Domino's Pizza will post 16.82 EPS for the current year.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company's stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew Balson sold 6,970 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares of the company's stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Doliver Advisors LP acquired a new stake in Domino's Pizza in the 4th quarter valued at about $580,000. Pensionfund Sabic bought a new stake in Domino's Pizza in the 4th quarter valued at $1,175,000. GAMMA Investing LLC lifted its holdings in Domino's Pizza by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 483 shares of the restaurant operator's stock valued at $203,000 after purchasing an additional 78 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Domino's Pizza during the third quarter worth $1,649,000. Finally, Franklin Resources Inc. increased its holdings in shares of Domino's Pizza by 42.8% in the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock valued at $11,571,000 after purchasing an additional 8,103 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Company Profile

(Get Free Report)

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.

Further Reading

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

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