Domino’s Pizza (NYSE:DPZ) Given New $525.00 Price Target at Wells Fargo & Company

Domino’s Pizza (NYSE:DPZ) had its target price increased by investment analysts at Wells Fargo & Company from $475.00 to $525.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 1.81% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Oppenheimer raised their target price on shares of Domino’s Pizza from $530.00 to $580.00 and gave the company an “outperform” rating in a research note on Tuesday. Benchmark raised their target price on shares of Domino’s Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday. Stephens lifted their price objective on shares of Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Citigroup lifted their price objective on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, UBS Group lifted their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.85.

Domino’s Pizza Stock Performance

DPZ traded up $7.53 during midday trading on Tuesday, hitting $534.66. The company had a trading volume of 407,146 shares, compared to its average volume of 583,979. The company has a market capitalization of $18.62 billion, a PE ratio of 36.45, a P/E/G ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75. The firm’s 50-day simple moving average is $469.22 and its 200-day simple moving average is $420.72.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.93 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza will post 15.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Tritonpoint Wealth LLC bought a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $1,980,000. Nisa Investment Advisors LLC boosted its position in shares of Domino’s Pizza by 353.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after acquiring an additional 3,189 shares during the period. International Assets Investment Management LLC boosted its position in shares of Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after acquiring an additional 498,170 shares during the period. Deutsche Bank AG boosted its position in shares of Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock valued at $42,609,000 after acquiring an additional 32,797 shares during the period. Finally, HB Wealth Management LLC bought a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $269,000. 94.63% of the stock is owned by 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.