Oppenheimer Forecasts Strong Price Appreciation for Domino's Pizza (NYSE:DPZ) Stock

Domino's Pizza (NYSE:DPZ - Get Free Report) had its price target raised by research analysts at Oppenheimer from $490.00 to $495.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Oppenheimer's price objective suggests a potential upside of 20.47% from the stock's current price.

A number of other research firms have also issued reports on DPZ. Wells Fargo & Company decreased their price objective on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. Royal Bank of Canada lowered their price target on shares of Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating on the stock in a report on Friday, October 11th. TD Cowen boosted their price objective on shares of Domino's Pizza from $475.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Benchmark reaffirmed a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a report on Friday, October 11th. Finally, Morgan Stanley dropped their price objective on Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $497.38.

Domino's Pizza Trading Down 3.2 %

Shares of DPZ stock traded down $13.60 during trading hours on Tuesday, hitting $410.90. 833,632 shares of the company were exchanged, compared to its average volume of 614,828. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.47 and a beta of 0.90. The firm has a fifty day simple moving average of $442.85 and a 200 day simple moving average of $438.96. Domino's Pizza has a 52-week low of $395.08 and a 52-week high of $542.75.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.65 by $0.54. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $4.18 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Domino's Pizza will post 16.82 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the 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 directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC raised its stake in Domino's Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Domino's Pizza during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino's Pizza during the 3rd quarter valued at $43,000. Blue Trust Inc. increased its stake in Domino's Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after buying an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Domino's Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock valued at $57,000 after acquiring an additional 88 shares during the period. Hedge funds and other 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.