Domino’s Pizza (NYSE:DPZ) received a $300.00 target price from analysts at Robert W. Baird in a report issued on Tuesday, TipRanks reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Robert W. Baird’s price target points to a potential upside of 16.37% from the company’s current price.
A number of other analysts have also recently commented on the company. OTR Global cut Domino’s Pizza to a “positive” rating and set a $280.00 price target for the company. in a research note on Wednesday, July 10th. Deutsche Bank set a $208.00 price target on Domino’s Pizza and gave the company a “sell” rating in a research note on Monday, September 9th. Wells Fargo & Co upped their price target on Domino’s Pizza from $261.00 to $271.00 and gave the company a “market perform” rating in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Domino’s Pizza in a research note on Friday, October 4th. Finally, Bank of America set a $295.00 price target on Domino’s Pizza and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. Domino’s Pizza presently has an average rating of “Buy” and an average price target of $287.00.
Shares of DPZ stock traded up $3.02 on Tuesday, reaching $257.79. The company had a trading volume of 879,091 shares, compared to its average volume of 873,186. The stock has a market cap of $10.47 billion, a PE ratio of 30.62, a PEG ratio of 1.84 and a beta of 0.50. The company has a 50-day moving average of $239.00 and a 200-day moving average of $259.70. Domino’s Pizza has a 12 month low of $220.90 and a 12 month high of $302.05.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The company had revenue of $820.81 million during the quarter, compared to the consensus estimate of $827.23 million. Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. Analysts anticipate that Domino’s Pizza will post 9.38 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased its stake in Domino’s Pizza by 51.2% during the 2nd quarter. Morgan Stanley now owns 291,648 shares of the restaurant operator’s stock worth $81,160,000 after purchasing an additional 98,716 shares in the last quarter. Stevens Capital Management LP boosted its position in Domino’s Pizza by 124.6% during the 2nd quarter. Stevens Capital Management LP now owns 3,416 shares of the restaurant operator’s stock worth $951,000 after acquiring an additional 1,895 shares during the last quarter. Victory Capital Management Inc. boosted its position in Domino’s Pizza by 62.2% during the 2nd quarter. Victory Capital Management Inc. now owns 353,333 shares of the restaurant operator’s stock worth $98,325,000 after acquiring an additional 135,497 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Domino’s Pizza during the 2nd quarter worth approximately $3,862,000. Finally, LPL Financial LLC boosted its position in Domino’s Pizza by 226.9% during the 2nd quarter. LPL Financial LLC now owns 11,099 shares of the restaurant operator’s stock worth $3,089,000 after acquiring an additional 7,704 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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