Domino's Pizza (NYSE:DPZ) to be acquired by Goldman Sachs Group



The Goldman Sachs Group is Domino's Pizza (NYSE:DPZ – Get Free Report) In a research report published Thursday by Briefing.com, the brokerage set a “buy” rating and a $612.00 price target on the restaurant operator's shares. The Goldman Sachs Group Inc. price target suggests a potential upside of 15.13% from the company's current stock price.

Other equities research analysts have also recently issued reports on the stock. Deutsche Bank increased their price target on Domino's Pizza from $555.00 to $580.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Robert W. Baird increased their price target on Domino's Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Argus increased their price target on Domino's Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Benchmark increased their price target on Domino's Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Oppenheimer boosted their price objective on Domino's Pizza from $530.00 to $580.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, and nineteen have given a buy rating. MarketBeat gives the company an average rating of a “moderate buy” and an average target price of $523.59.

Check out our latest stock analysis for Domino's Pizza

Domino's Pizza Price Performance

Domino's Pizza shares opened trading at $531.58 on Thursday. Domino's Pizza's 12-month low was $298.46 and its 12-month high was $542.75. The stock has a market cap of $18.54 billion, a P/E ratio of 34.70, a P/G ratio of 2.60 and a beta of 0.85. The company's 50-day moving average is $506.42 and its 200-day moving average is $454.60.

Domino's Pizza (NYSE:DPZ – get free report ) announced its latest earnings results on Monday, April 29th. The restaurant operator reported quarterly earnings per share (EPS) of $3.58, beating the market consensus estimate of $3.46 by $0.12. Domino's Pizza had a net margin of 11.90% and a return on equity of -13.19%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the company made earnings per share of $2.93. The company's quarterly revenue was up 5.9% year over year. Analysts expect Domino's Pizza to post EPS of 16 this year.

Insider Activities

In other news, EVP Cynthia A. Hedden sold 108 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a SEC filing, which can be accessed through this hyperlink . In other news, EVP Cynthia A. Hedden sold 108 shares of the company's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction value of $53,468.64. Following the close of the transaction, the Executive Vice President now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a SEC filing, which can be accessed through this link. Additionally, Executive Vice President, Cynthia A. Headen sold 745 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction value of $395,073.50. Following the transaction, the Executive Vice President now directly owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. During the last quarter, insiders sold 12,633 shares of the company's stock, valued at $6,649,181. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Speak Out at Domino's Pizza

Institutional investors have recently bought and sold this stock. CWM LLC increased its holdings in Domino's Pizza by 9.7% in the fourth quarter. CWM LLC now owns 1,177 shares of the restaurant operator's stock valued at $485,000 after purchasing an additional 104 shares during the period. Tritonpoint Wealth LLC purchased a new stake in Domino's Pizza in the fourth quarter valued at approximately $1,980,000. Nisa Investment Advisors LLC increased its holdings in Domino's Pizza by 353.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator's stock valued at $1,686,000 after acquiring an additional 3,189 shares during the quarter. Steward Partners Investment Advisory LLC increased its holdings in Domino's Pizza by 0.8% in the fourth quarter. Steward Partners Investment Advisory LLC now holds 5,007 shares of the restaurant operator's stock valued at $2,064,000 after acquiring an additional 39 shares in the last quarter. Finally, International Asset Investment Management LLC increased its holdings in Domino's Pizza by 39,287.9% in the fourth quarter. International Asset Investment Management LLC now holds 499,438 shares of the restaurant operator's stock valued at $205,883,000 after acquiring an additional 498,170 shares in the last quarter. Institutional investors and hedge funds hold 94.63% of the company's stock.

About Domino's Pizza

(Get your 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: U.S. Stores, International Franchise, and Supply Chain. The company serves pizza under the Domino's brand through company-operated and franchised restaurants.

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