Domino’s Pizza Inc (NASDAQ:DPZ) Stock Has Average Target Price of $392.58 According to Brokerages

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been given an average rating of “Moderate Buy” by the thirty-two ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $392.16.

A number of analysts have recently issued reports on DPZ shares. Royal Bank Of Canada lowered their price objective on Domino’s Pizza from $350.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, October 5th. Citigroup cut their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th. Sanford C. Bernstein restated a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th.

Insider Activity

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. SHP Wealth Management purchased a new position in Domino’s Pizza during the 4th quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $28,000. Investors Research Corp lifted its holdings in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after buying an additional 99 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza in the first quarter worth about $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.5%

Shares of NASDAQ DPZ opened at $310.90 on Tuesday. The firm has a market capitalization of $10.28 billion, a PE ratio of 17.63, a PEG ratio of 1.42 and a beta of 0.94. Domino’s Pizza has a one year low of $282.00 and a one year high of $442.35. The business has a 50-day moving average price of $325.49 and a two-hundred day moving average price of $327.96.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%. The business had revenue of $1.19 billion during the quarter. During the same period in the previous year, the firm posted $4.08 EPS. Research analysts anticipate that Domino’s Pizza will post 18.95 EPS for the current year.

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.