Oppenheimer Raises Domino’s Pizza (DPZ) Price Target to $245.00

Domino’s Pizza (NYSE:DPZ) had its target price lifted by equities researchers at Oppenheimer from $240.00 to $245.00 in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price suggests a potential upside of 5.44% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Deutsche Bank boosted their target price on Domino’s Pizza from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Mizuho initiated coverage on Domino’s Pizza in a report on Wednesday, January 24th. They set a “buy” rating and a $250.00 target price for the company. Nomura boosted their target price on Domino’s Pizza to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Maxim Group boosted their target price on Domino’s Pizza from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a report on Friday, January 5th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $233.18.

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Shares of NYSE:DPZ opened at $232.35 on Tuesday. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. Domino’s Pizza has a 1 year low of $166.74 and a 1 year high of $236.93. The stock has a market cap of $9,907.96, a PE ratio of 43.51, a PEG ratio of 1.91 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The business had revenue of $891.50 million during the quarter, compared to analysts’ expectations of $904.79 million. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. sell-side analysts forecast that Domino’s Pizza will post 7.93 EPS for the current year.

Domino’s Pizza declared that its board has approved a stock repurchase program on Tuesday, February 20th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

A number of institutional investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp lifted its position in Domino’s Pizza by 23.8% during the 4th quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 246 shares in the last quarter. Whittier Trust Co. lifted its position in Domino’s Pizza by 1.6% during the 4th quarter. Whittier Trust Co. now owns 18,715 shares of the restaurant operator’s stock worth $3,536,000 after acquiring an additional 303 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in Domino’s Pizza by 41.7% during the 4th quarter. Tocqueville Asset Management L.P. now owns 1,700 shares of the restaurant operator’s stock worth $321,000 after acquiring an additional 500 shares in the last quarter. Teachers Advisors LLC lifted its position in Domino’s Pizza by 1.0% during the 4th quarter. Teachers Advisors LLC now owns 51,791 shares of the restaurant operator’s stock worth $9,786,000 after acquiring an additional 512 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in Domino’s Pizza by 4.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 12,055 shares of the restaurant operator’s stock worth $2,278,000 after acquiring an additional 561 shares in the last quarter.

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About Domino’s Pizza

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.

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

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