Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a research report issued on Friday. They presently have a $303.00 price target on the restaurant operator’s stock. Guggenheim’s price target suggests a potential upside of 9.32% from the company’s current price.
DPZ has been the subject of several other research reports. ValuEngine raised Domino’s Pizza from a “hold” rating to a “buy” rating in a research note on Monday, June 11th. Stifel Nicolaus reissued a “buy” rating and issued a $300.00 price objective (up previously from $275.00) on shares of Domino’s Pizza in a research note on Friday, June 15th. Mizuho reissued a “buy” rating and issued a $275.00 price objective on shares of Domino’s Pizza in a research note on Friday, April 27th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b” rating in a research note on Friday, June 15th. Finally, Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Domino’s Pizza currently has an average rating of “Buy” and an average price target of $267.64.
Get Domino's Pizza alerts:Domino’s Pizza opened at $277.17 on Friday, according to MarketBeat. Domino’s Pizza has a one year low of $166.74 and a one year high of $293.81. The company has a market cap of $11.72 billion, a P/E ratio of 39.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.33. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of -1.17.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 19th. The restaurant operator reported $1.84 EPS for the quarter, topping the consensus estimate of $1.74 by $0.10. Domino’s Pizza had a negative return on equity of 11.29% and a net margin of 10.19%. The business had revenue of $779.40 million during the quarter, compared to analysts’ expectations of $786.88 million. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. research analysts predict that Domino’s Pizza will post 8.29 EPS for the current fiscal year.
In related news, insider J Patrick Doyle sold 60,000 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $251.25, for a total transaction of $15,075,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.97% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware boosted its position in shares of Domino’s Pizza by 66.7% during the first quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 279 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new position in shares of Domino’s Pizza during the second quarter valued at approximately $172,000. Commerce Bank purchased a new position in shares of Domino’s Pizza during the first quarter valued at approximately $205,000. Foundry Partners LLC purchased a new position in shares of Domino’s Pizza during the first quarter valued at approximately $210,000. Finally, Alps Advisors Inc. purchased a new position in shares of Domino’s Pizza during the first quarter valued at approximately $219,000. 98.20% of the stock is currently owned by institutional investors.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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