Domino’s Pizza (NYSE:DPZ) Given a $295.00 Price Target by Bank of America Analysts

Bank of America set a $295.00 target price on Domino’s Pizza (NYSE:DPZ) in a research report sent to investors on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. Longbow Research set a $320.00 price objective on shares of Domino’s Pizza and gave the stock a buy rating in a research note on Monday, August 26th. Northcoast Research reissued a neutral rating on shares of Domino’s Pizza in a research note on Monday, October 7th. MKM Partners assumed coverage on shares of Domino’s Pizza in a research note on Tuesday, August 13th. They set a neutral rating and a $265.00 price objective on the stock. OTR Global lowered shares of Domino’s Pizza to a positive rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 10th. Finally, BTIG Research set a $325.00 price objective on shares of Domino’s Pizza and gave the stock a buy rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of Buy and a consensus price target of $287.00.

Shares of DPZ opened at $257.79 on Wednesday. The firm’s 50-day moving average price is $239.53 and its 200-day moving average price is $259.79. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.80 and a beta of 0.50. Domino’s Pizza has a 1-year low of $220.90 and a 1-year high of $302.05.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The company had revenue of $820.81 million for 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 company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 EPS. As a group, sell-side analysts expect that Domino’s Pizza will post 9.41 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of DPZ. Doyle Wealth Management purchased a new position in Domino’s Pizza in the second quarter worth about $30,000. NEXT Financial Group Inc raised its holdings in Domino’s Pizza by 85.7% in the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after buying an additional 60 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Domino’s Pizza by 36.2% in the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after buying an additional 55 shares during the last quarter. Advisory Services Network LLC raised its holdings in Domino’s Pizza by 791.4% in the second quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after buying an additional 277 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. purchased a new position in Domino’s Pizza in the second quarter worth about $88,000. 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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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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