Domino’s Pizza (DPZ) Given New $240.00 Price Target at Wells Fargo & Co

Domino’s Pizza (NYSE:DPZ) had its price target cut by investment analysts at Wells Fargo & Co from $250.00 to $240.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price points to a potential downside of 6.01% from the stock’s current price.

Several other analysts also recently weighed in on DPZ. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 target price on the stock in a report on Monday, January 14th. ValuEngine downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $94.00 to $270.00 in a report on Tuesday, March 19th. Citigroup lowered their target price on shares of Domino’s Pizza from $293.00 to $282.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, Robert W. Baird lifted their target price on shares of Domino’s Pizza from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $289.11.

NYSE DPZ opened at $255.34 on Tuesday. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.91 and a beta of 0.57. Domino’s Pizza has a one year low of $229.18 and a one year high of $305.34.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, February 21st. The restaurant operator reported $2.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.07). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Domino’s Pizza had a net margin of 10.54% and a negative return on equity of 12.46%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. Equities research analysts anticipate that Domino’s Pizza will post 9.26 EPS for the current year.

In related news, CFO Jeffrey D. Lawrence sold 4,000 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $255.00, for a total transaction of $1,020,000.00. Following the sale, the chief financial officer now owns 3,494 shares of the company’s stock, valued at $890,970. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James A. Goldman sold 1,190 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $247.24, for a total transaction of $294,215.60. Following the sale, the director now directly owns 7,695 shares in the company, valued at approximately $1,902,511.80. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc raised its position in Domino’s Pizza by 146.3% during the fourth quarter. Standard Life Aberdeen plc now owns 5,288 shares of the restaurant operator’s stock worth $1,313,000 after acquiring an additional 3,141 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Domino’s Pizza by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock worth $1,067,000 after acquiring an additional 110 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Domino’s Pizza by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,627 shares of the restaurant operator’s stock worth $2,635,000 after acquiring an additional 615 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth about $235,000. Finally, JPMorgan Chase & Co. raised its position in Domino’s Pizza by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 112,037 shares of the restaurant operator’s stock worth $33,028,000 after acquiring an additional 63,290 shares during the last quarter. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

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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The Fly

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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