Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $425.00 at Barclays

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target hoisted by Barclays from $420.00 to $425.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the restaurant operator's stock. Barclays's price target indicates a potential downside of 12.08% from the stock's previous close.

Several other brokerages have also commented on DPZ. Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their target price on shares of Domino's Pizza from $420.00 to $445.00 and gave the company an "equal weight" rating in a research note on Tuesday. TD Cowen reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, February 24th. Robert W. Baird dropped their target price on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $498.08.

Domino's Pizza Stock Up 3.2 %

Shares of NASDAQ:DPZ traded up $15.14 during trading on Tuesday, reaching $483.41. 204,787 shares of the company traded hands, compared to its average volume of 625,900. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The firm has a market cap of $16.58 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The firm has a fifty day simple moving average of $461.87 and a 200 day simple moving average of $446.29.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 analyst estimates of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 earnings per share. As a group, research analysts anticipate that Domino's Pizza will post 16.74 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last three months. Insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DPZ. Sherman Asset Management Inc. bought a new position in shares of Domino's Pizza during the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. increased its position in shares of Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd raised its holdings in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. 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.

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