Domino's Pizza (DPZ) Price Target Raised to $240.00 at Barclays

Domino's Pizza (NYSE:DPZ) had its price objective upped by Barclays from $215.00 to $240.00 in a research note issued to investors on Tuesday morning. Barclays currently has an equal weight rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on the company. Maxim Group upgraded Domino's Pizza from a hold rating to a buy rating and increased their target price for the company from $220.00 to $230.00 in a research note on Thursday, November 2nd. Credit Suisse Group increased their target price on Domino's Pizza from $200.00 to $205.00 and gave the company a neutral rating in a research note on Friday, October 13th. Zacks Investment Research lowered Domino's Pizza from a buy rating to a hold rating in a research note on Tuesday, October 31st. Guggenheim reiterated a buy rating and issued a $230.00 target price on shares of Domino's Pizza in a research note on Friday, October 13th. Finally, Stifel Nicolaus lowered their target price on Domino's Pizza from $235.00 to $225.00 and set a buy rating for the company in a research note on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $215.96.

Domino's Pizza (DPZ) traded up $2.63 during mid-day trading on Tuesday, hitting $213.54. The stock had a trading volume of 615,679 shares, compared to its average volume of 1,010,000. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. Domino's Pizza has a fifty-two week low of $165.19 and a fifty-two week high of $221.58. The firm has a market capitalization of $9,340.00, a price-to-earnings ratio of 40.67, a P/E/G ratio of 1.74 and a beta of 0.37.

Domino's Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. research analysts expect that Domino's Pizza will post 5.76 EPS for the current fiscal year.

In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the sale, the chief financial officer now owns 26,841 shares in the company, valued at approximately $4,962,095.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.57% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Domino's Pizza by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after acquiring an additional 327,585 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Domino's Pizza by 43.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after acquiring an additional 930,200 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Domino's Pizza by 26.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock worth $154,887,000 after acquiring an additional 154,417 shares in the last quarter. Koch Industries Inc. grew its position in shares of Domino's Pizza by 21,599.0% in the 2nd quarter. Koch Industries Inc. now owns 568,730 shares of the restaurant operator’s stock worth $566,000 after acquiring an additional 566,109 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Domino's Pizza by 3.0% in the 2nd quarter. Northern Trust Corp now owns 498,199 shares of the restaurant operator’s stock worth $105,383,000 after acquiring an additional 14,648 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: “Domino's Pizza (DPZ) Price Target Raised to $240.00 at Barclays” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2018/01/19/dominos-pizza-dpz-price-target-raised-to-240-00-at-barclays.html.

Domino's Pizza Company Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply