Domino’s Pizza (NYSE:DPZ) Price Target Raised to $560.00 at Evercore ISI

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by stock analysts at Evercore ISI from $510.00 to $560.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Evercore ISI’s price target suggests a potential upside of 12.40% from the company’s previous close.

DPZ has been the subject of a number of other reports. Benchmark upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $455.00 target price for the company in a report on Monday, December 11th. Piper Sandler increased their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. UBS Group raised their target price on shares of Domino’s Pizza from $480.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Argus raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target on the stock in a research report on Tuesday, February 27th. Finally, TD Cowen raised their price objective on Domino’s Pizza from $525.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $446.45.

Domino’s Pizza Stock Performance

NYSE DPZ opened at $498.24 on Monday. The company has a market cap of $17.35 billion, a PE ratio of 33.96, a P/E/G ratio of 2.49 and a beta of 0.86. The firm’s 50 day moving average price is $450.36 and its 200-day moving average price is $408.44. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $508.44.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 EPS. On average, analysts forecast that Domino’s Pizza will post 15.74 earnings per share for the current fiscal year.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Domino’s Pizza during the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. KB Financial Partners LLC purchased a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $39,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. 94.63% 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 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.