Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $515.00 at BMO Capital Markets

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target upped by BMO Capital Markets from $500.00 to $515.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. BMO Capital Markets' target price would indicate a potential upside of 5.16% from the stock's current price.

DPZ has been the subject of several other research reports. Robert W. Baird lowered their price target on shares of Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating for the company in a research report on Tuesday. Stephens upped their target price on shares of Domino's Pizza from $420.00 to $440.00 and gave the company an "equal weight" rating in a research report on Tuesday. Benchmark restated a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a research report on Tuesday. Oppenheimer increased their target price on 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, Morgan Stanley lowered their price target on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $503.41.

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Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded up $7.43 during mid-day trading on Tuesday, hitting $489.71. 634,243 shares of the stock were exchanged, compared to its average volume of 616,201. The stock's fifty day simple moving average is $444.92 and its two-hundred day simple moving average is $436.29. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a market cap of $16.91 billion, a P/E ratio of 30.08, a PEG ratio of 2.47 and a beta of 0.90.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.48 EPS. As a group, equities research analysts predict that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Berkshire Hathaway Inc boosted its holdings in shares of 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 buying an additional 1,104,744 shares during the last quarter. FMR LLC grew its position in shares of Domino's Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock valued at $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after purchasing an additional 21,705 shares during the period. Geode Capital Management LLC lifted its stake in Domino's Pizza by 10.7% in the 4th 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 last quarter. Finally, Invesco Ltd. increased its position in Domino's Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino's Pizza

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.