Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $460.00

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price raised by equities researchers at Guggenheim from $450.00 to $460.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Guggenheim's target price indicates a potential downside of 3.45% from the company's previous close.

Other equities analysts also recently issued reports about the stock. TD Securities restated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, March 31st. Robert W. Baird reduced their price target on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Citigroup cut their target price on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Barclays raised their price target on Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $497.88.

Domino's Pizza Trading Up 2.1 %

DPZ stock opened at $476.44 on Tuesday. The business's 50 day simple moving average is $461.87 and its 200 day simple moving average is $446.29. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The firm has a market capitalization of $16.34 billion, a PE ratio of 29.21, a PEG ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.48 EPS. As a group, sell-side analysts predict that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Insider Transactions at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 over the last ninety days. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after buying an additional 8,136 shares during the period. Empowered Funds LLC raised its stake in shares of Domino's Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after purchasing an additional 1,762 shares during the period. Alta Capital Management LLC boosted its stake in Domino's Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after purchasing an additional 1,214 shares during the period. Principal Financial Group Inc. increased its position in shares of Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after buying an additional 21,705 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Domino's Pizza in the fourth quarter worth about $282,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

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.

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