Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $440.00 at Stephens

Domino’s Pizza (NASDAQ:DPZ) had its price objective raised by Stephens from $420.00 to $440.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target indicates a potential downside of 3.43% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday. TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday. Barclays cut their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Finally, Oppenheimer boosted their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $503.00.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $455.64 on Tuesday. The business has a 50-day moving average of $441.12 and a 200-day moving average of $435.12. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly 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 analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. 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 posted $4.48 earnings per share. On average, sell-side analysts expect that Domino’s Pizza will post 16.74 EPS for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sherman Asset Management Inc. acquired a new stake in Domino’s Pizza during the fourth quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of 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 valued at $28,000 after acquiring an additional 61 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd increased its position in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.