Guggenheim Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $460.00

Domino’s Pizza (NASDAQ:DPZ) had its target price boosted by Guggenheim from $450.00 to $460.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Guggenheim’s price objective indicates a potential downside of 3.45% from the company’s current price.

DPZ has been the subject of a number of other research reports. Barclays upped their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Loop Capital dropped their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, April 1st. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley decreased their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $497.88.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $476.44 on Tuesday. 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 $16.34 billion, a PE ratio of 29.21, a PEG ratio of 2.47 and a beta of 1.15. The company has a 50 day simple moving average of $461.87 and a two-hundred day simple moving average of $446.29.

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

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last quarter. 0.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cabot Wealth Management Inc. lifted its stake in shares of Domino’s Pizza by 36.6% in the 1st quarter. Cabot Wealth Management Inc. now owns 25,961 shares of the restaurant operator’s stock worth $11,928,000 after purchasing an additional 6,961 shares during the period. Alta Capital Management LLC boosted its stake in shares of Domino’s Pizza by 11.0% during the 1st quarter. Alta Capital Management LLC now owns 7,932 shares of the restaurant operator’s stock worth $3,644,000 after acquiring an additional 788 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 242.6% in the 1st quarter. Blue Trust Inc. now owns 185 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 131 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Domino’s Pizza by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the restaurant operator’s stock valued at $1,856,000 after purchasing an additional 100 shares during the period. Finally, Shepherd Financial Partners LLC increased its position in Domino’s Pizza by 4.5% in the first quarter. Shepherd Financial Partners LLC now owns 1,938 shares of the restaurant operator’s stock worth $890,000 after buying an additional 83 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.