HSBC Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $583.00

Domino’s Pizza (NYSE:DPZ) had its price objective boosted by stock analysts at HSBC from $507.00 to $583.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. HSBC’s price target would indicate a potential upside of 10.00% from the stock’s current price.

DPZ has been the topic of several other reports. Stifel Nicolaus increased their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price for the company in a research note on Tuesday, January 16th. TD Cowen reaffirmed a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research note on Monday. Morgan Stanley upped their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Robert W. Baird upped their target price on shares of Domino’s Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday. One equities 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $506.37.

Domino’s Pizza Price Performance

Shares of DPZ stock traded up $2.89 during trading hours on Tuesday, reaching $530.02. 544,522 shares of the company were exchanged, compared to its average volume of 585,772. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $542.75. The stock’s fifty day moving average is $469.22 and its two-hundred day moving average is $420.72. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $2.93 earnings per share. Domino’s Pizza’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that Domino’s Pizza will post 15.72 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the 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 sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the 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 sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the 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 completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently modified their holdings of DPZ. Exchange Traded Concepts LLC lifted its stake in shares of Domino’s Pizza by 284.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock worth $93,000 after buying an additional 182 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Domino’s Pizza by 7.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock worth $5,745,000 after buying an additional 1,050 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Domino’s Pizza by 37.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,462 shares of the restaurant operator’s stock worth $2,827,000 after purchasing an additional 2,020 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Domino’s Pizza by 18.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,621 shares of the restaurant operator’s stock worth $4,402,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Domino’s Pizza by 13.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,144 shares of the restaurant operator’s stock worth $9,146,000 after purchasing an additional 2,908 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.