Wells Fargo & Company Issues Positive Forecast for Domino's Pizza (NASDAQ:DPZ) Stock Price

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target upped by Wells Fargo & Company from $420.00 to $445.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Wells Fargo & Company's price target would indicate a potential downside of 4.97% from the company's previous close.

A number of other analysts have also recently weighed in on DPZ. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research report on Monday, March 31st. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barclays increased 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, Oppenheimer boosted their price objective on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $497.88.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $468.27 on Tuesday. The company has a 50-day moving average of $461.87 and a 200-day moving average of $446.29. Domino's Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.15.

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 business 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 last year, the company earned $4.48 EPS. Sell-side analysts forecast that Domino's Pizza will post 16.74 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Sherman Asset Management Inc. acquired a new position in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino's Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in 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 purchasing an additional 61 shares during the last quarter. Covestor Ltd boosted 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 valued at $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares in 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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