Domino's Pizza (NYSE:DPZ) had its price objective raised by analysts at Barclays from $184.00 to $215.00 in a research note issued on Thursday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ price target suggests a potential upside of 3.03% from the stock’s previous close.
A number of other research analysts also recently issued reports on the stock. Maxim Group raised their price target on shares of Domino's Pizza from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a research report on Friday, January 5th. Oppenheimer upgraded shares of Domino's Pizza to a “buy” rating and set a $220.00 price objective on the stock in a research report on Thursday, January 4th. Credit Suisse Group upgraded shares of Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price objective on the stock in a research report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group reiterated a “hold” rating on shares of Domino's Pizza in a research report on Friday, December 22nd. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Domino's Pizza currently has an average rating of “Buy” and a consensus target price of $210.47.
Domino's Pizza (NYSE:DPZ) traded up $8.61 during trading on Thursday, hitting $208.68. 960,158 shares of the stock were exchanged, compared to its average volume of 1,090,000. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. Domino's Pizza has a one year low of $164.32 and a one year high of $221.58. The company has a market cap of $9,130.00, a P/E ratio of 39.75, a P/E/G ratio of 1.69 and a beta of 0.37.
Domino's Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. Domino's Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate of $627.85 million. During the same period last year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. equities analysts expect that Domino's Pizza will post 5.78 EPS for the current year.
In other Domino's Pizza news, insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now directly owns 26,841 shares in the company, valued at approximately $4,962,095.67. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. DnB Asset Management AS acquired a new position in Domino's Pizza during the 4th quarter valued at about $2,003,000. AXA increased its stake in Domino's Pizza by 5.7% during the 3rd quarter. AXA now owns 85,000 shares of the restaurant operator’s stock valued at $16,877,000 after buying an additional 4,600 shares during the period. California Public Employees Retirement System increased its stake in Domino's Pizza by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 140,253 shares of the restaurant operator’s stock valued at $27,847,000 after buying an additional 10,553 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Domino's Pizza by 198.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,460 shares of the restaurant operator’s stock worth $1,879,000 after purchasing an additional 6,287 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Domino's Pizza in the 3rd quarter worth approximately $32,236,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
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About Domino's Pizza
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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