Domino’s Pizza (NYSE:DPZ) Given New $412.00 Price Target at Barclays

Domino’s Pizza (NYSE:DPZ) had its target price increased by equities researchers at Barclays from $370.00 to $412.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price target would indicate a potential downside of 0.17% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Robert W. Baird lowered their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Citigroup lowered their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets cut their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Bank of America decreased their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Stephens cut their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $497.38.

Domino’s Pizza Stock Up 0.4 %

DPZ opened at $412.69 on Tuesday. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a 50 day moving average price of $442.91 and a 200-day moving average price of $438.78. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.18 EPS. As a group, analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC lifted its position in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth about $43,000. Blue Trust Inc. grew its holdings in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in Domino’s Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.