Domino’s Pizza (NASDAQ:DPZ) Given New $515.00 Price Target at BMO Capital Markets

Domino’s Pizza (NASDAQ:DPZ) had its target price lifted by equities research analysts at BMO Capital Markets from $500.00 to $515.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential upside of 9.09% from the company’s current price.

Several other research analysts have also issued reports on the company. Citigroup increased their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday. Finally, TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.56.

Domino’s Pizza Trading Up 3.6 %

Shares of DPZ stock traded up $16.45 during trading hours on Tuesday, reaching $472.09. The company’s stock had a trading volume of 380,672 shares, compared to its average volume of 597,522. The firm’s fifty day simple moving average is $441.12 and its 200 day simple moving average is $435.12. The stock has a market capitalization of $16.30 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc raised its stake in Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. FMR LLC lifted its stake in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares during the period. Finally, Invesco Ltd. raised its position in shares of Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after acquiring an additional 191,752 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.