Domino’s Pizza (NYSE:DPZ) Given New $495.00 Price Target at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its target price boosted by research analysts at Oppenheimer from $490.00 to $495.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target points to a potential upside of 19.94% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Benchmark reiterated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Bank of America decreased their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Morgan Stanley lowered their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Jefferies Financial Group cut their price objective on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $497.38.

Domino’s Pizza Trading Up 0.4 %

Shares of DPZ stock opened at $412.69 on Tuesday. The company has a market cap of $14.25 billion, a PE ratio of 25.35, a P/E/G ratio of 2.47 and a beta of 0.90. The company’s fifty day simple moving average is $442.91 and its 200-day simple moving average is $438.78. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $4.18 earnings per share. Equities research analysts expect that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Insider Activity at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in the business. True Wealth Design LLC increased its holdings in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza in the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $43,000. Blue Trust Inc. grew its stake in shares of Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Domino’s Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. 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.