Domino’s Pizza (NASDAQ:DPZ) Given New $420.00 Price Target at Barclays

Domino’s Pizza (NASDAQ:DPZ) had its price target hoisted by Barclays from $402.00 to $420.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price would suggest a potential downside of 7.82% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Stephens boosted their target price on shares of Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $503.00.

Domino’s Pizza Stock Down 1.5 %

Shares of DPZ stock opened at $455.64 on Tuesday. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The stock’s fifty day simple moving average is $441.12 and its 200 day simple moving average is $435.12. The firm has a market capitalization of $15.73 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90.

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

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently added to or reduced their stakes in DPZ. Blue Trust Inc. boosted its stake in shares of 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 during the last quarter. Private Advisor Group LLC lifted its holdings in Domino’s Pizza by 12.7% during the third quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator’s stock worth $1,080,000 after acquiring an additional 283 shares during the period. Forsta AP Fonden boosted its position in Domino’s Pizza by 9.5% in the third quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator’s stock worth $4,473,000 after purchasing an additional 900 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in Domino’s Pizza by 24.1% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 773 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 150 shares during the period. Finally, abrdn plc increased its position in shares of Domino’s Pizza by 0.9% during the 3rd quarter. abrdn plc now owns 13,432 shares of the restaurant operator’s stock valued at $5,841,000 after purchasing an additional 119 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

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.