Domino's Pizza (NYSE:DPZ) PT rises to $580.00 on BTIG Research



Domino's Pizza (NYSE:DPZ – Get the Free Report) Benzinga reports that the stock's price target was raised by equity research analysts at BTIG Research from $515.00 to $580.00 in a report released Tuesday. The brokerage currently rates the restaurateur's stock a “buy.” BTIG Research's price target indicates a potential upside of 12.31% from the company's previous closing price.

Many other research analysts also weigh in on DPZ. BMO Capital Markets raised their target price on Domino's Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a report on Tuesday. Benchmark increased their target price on Domino's Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen reaffirmed a “buy” rating and set a $550 price target on shares of Domino's Pizza in a report on Monday. Argus raised their price target on Domino's Pizza from $580 to $600 and gave the stock a “buy” rating in a report on Tuesday. Finally, Robert W. Baird increased their target price on Domino's Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. 1 research analyst has rated the stock with a sell rating, 9 have given a hold rating and 17 have given a buy rating to the stock. According to MarketBeat, Domino's Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $516.19.

Check out our latest analysis for Domino's Pizza.

Domino's Pizza fell 2.4% in trading.

NYSE:DPZ opened at $516.42 on Tuesday. The company has a market capitalization of $17.99 billion, a P/E ratio of 33.71x, a PEG ratio of 2.75x, and a beta of 0.86x. The stock's 50-day simple moving average is $471.46 and its 200-day simple moving average is $422.01. Domino's Pizza has a 12-month low of $285.84 and a 12-month high of $542.75.

Domino's Pizza (NYSE:DPZ – Get Free Report) last issued its earnings results on Monday, April 29th. The restaurateur reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.46 by $0.12. Domino's Pizza had a negative return on equity of 13.19% and a net profit margin of 11.90%. The business had revenue of $1.08 billion in the quarter, compared to analyst expectations of $1.08 billion. In the same period last year, the company's earnings per share were $2.93. The company's revenue for the quarter increased 5.9% compared to the same period last year. Research analysts expect Domino's Pizza's EPS for the current fiscal year to be 15.73.

Insider buying and selling

In related news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. As a result of the transaction, the executive vice president now directly owns 3,910 shares of the company's stock, valued at $2,073,473. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. In other news, EVP Cynthia A. Hedden sold 745 shares of Domino's Pizza stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. As a result of the transaction, the executive vice president now directly owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC's website. Also, CEO Russell J. Weiner sold 11,780 shares of Domino's Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the CEO now directly owns 32,001 shares of the company's stock, valued at $16,844,366.37. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 13,401 shares of company stock, valued at $6,995,948. 0.81% of the stock is owned by company insiders.

Hedge funds involved in Domino's Pizza

Hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Domino's Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurateur's stock valued at $34,000 after purchasing an additional 46 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Domino's Pizza during the 3rd quarter valued at approximately $39,000. Quadrant Capital Group LLC increased its holdings in shares of Domino's Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurateur's stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased new shares in Domino's Pizza during the 3rd quarter valued at approximately $49,000. 94.63% of the stock is held by institutional investors and hedge funds.

About Domino's Pizza

(Get Free Report)

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: US stores, international franchises, and supply chains. The company offers pizza under the Domino's Pizza brand through company-owned and franchised stores.

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