Domino’s Pizza (DPZ) Price Target Raised to $305.00 at Morgan Stanley

Domino’s Pizza (NYSE:DPZ) had its price target lifted by investment analysts at Morgan Stanley from $283.00 to $305.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s price target would indicate a potential upside of 11.44% from the stock’s previous close.

Several other research firms also recently weighed in on DPZ. Maxim Group reaffirmed a “buy” rating and issued a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 17th. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Wells Fargo & Co raised their price target on Domino’s Pizza from $238.00 to $263.00 and gave the stock a “market perform” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine raised Domino’s Pizza from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, BTIG Research raised their price target on Domino’s Pizza to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $294.61.

NYSE DPZ traded down $9.73 during mid-day trading on Thursday, hitting $273.69. The stock had a trading volume of 14,948 shares, compared to its average volume of 986,089. Domino’s Pizza has a 52-week low of $230.69 and a 52-week high of $305.34. The company has a market capitalization of $11.10 billion, a P/E ratio of 32.50, a PEG ratio of 1.99 and a beta of 0.57.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.46% and a net margin of 10.54%. The firm had revenue of $835.96 million during the quarter, compared to the consensus estimate of $852.59 million. During the same period last year, the business posted $2.00 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza will post 9.25 earnings per share for the current year.

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

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of Domino’s Pizza by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,168 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 48 shares in the last quarter. Brasada Capital Management LP lifted its stake in shares of Domino’s Pizza by 5.0% during the fourth quarter. Brasada Capital Management LP now owns 1,618 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 77 shares in the last quarter. Ffcm LLC lifted its stake in shares of Domino’s Pizza by 91.1% during the fourth quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 82 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Domino’s Pizza by 10.1% during the third quarter. Great Lakes Advisors LLC now owns 929 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Domino’s Pizza by 613.3% during the fourth quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Domino’s Pizza Company Profile

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

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