Wells Fargo & Company Increases Domino’s Pizza (NYSE:DPZ) Price Target to $525.00

Domino’s Pizza (NYSE:DPZ) had its price objective increased by Wells Fargo & Company from $475.00 to $525.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.66% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Citigroup upped their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. Oppenheimer upped their price target on shares of Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group upped their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Jefferies Financial Group upped their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, Stephens upped their price target on shares of Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $516.19.

Domino’s Pizza Stock Down 2.4 %

NYSE DPZ opened at $516.42 on Tuesday. The company has a market capitalization of $17.99 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $542.75. The firm has a 50-day moving average price of $471.46 and a two-hundred day moving average price of $422.01.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 EPS. Equities analysts expect that Domino’s Pizza will post 15.73 EPS for the current year.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of 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. Insiders sold a total of 13,401 shares of company stock worth $6,995,948 over the last three months. 0.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Domino’s Pizza by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock worth $1,597,686,000 after purchasing an additional 18,397 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after buying an additional 68,317 shares in the last quarter. FMR LLC lifted its stake in shares of Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after buying an additional 197,413 shares in the last quarter. Coatue Management LLC bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $322,859,000. Finally, Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $208,604,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.