Wells Fargo & Co Increases Domino’s Pizza (NYSE:DPZ) Price Target to $257.00

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Domino’s Pizza (NYSE:DPZ) had its price objective upped by equities researchers at Wells Fargo & Co from $240.00 to $257.00 in a report issued on Thursday, April 25th, BenzingaRatingsTable reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s target price would suggest a potential downside of 8.62% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. BTIG Research raised their price objective on Domino’s Pizza to $335.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Cowen assumed coverage on Domino’s Pizza in a research note on Friday, January 11th. They set an “outperform” rating and a $290.00 price objective on the stock. UBS Group set a $285.00 target price on Domino’s Pizza and gave the stock a “hold” rating in a research note on Sunday, January 20th. Maxim Group reiterated a “buy” rating and set a $305.00 target price (down from $310.00) on shares of Domino’s Pizza in a research note on Friday, February 22nd. Finally, FIG Partners reiterated an “outperform” rating and set a $310.00 target price (up from $280.00) on shares of Domino’s Pizza in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $297.16.

Shares of DPZ opened at $281.25 on Thursday. Domino’s Pizza has a 12-month low of $231.28 and a 12-month high of $305.34. The firm has a market capitalization of $11.56 billion, a P/E ratio of 33.40, a PEG ratio of 2.03 and a beta of 0.57.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The company had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. During the same period last year, the business earned $2.00 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Domino’s Pizza will post 9.32 earnings per share for the current year.

In related news, Director James A. Goldman sold 1,190 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $247.24, for a total value of $294,215.60. Following the completion of the sale, the director now owns 7,695 shares in the company, valued at approximately $1,902,511.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey D. Lawrence sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $255.00, for a total value of $1,020,000.00. Following the completion of the sale, the chief financial officer now owns 3,494 shares of the company’s stock, valued at approximately $890,970. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Standard Life Aberdeen plc lifted its position in Domino’s Pizza by 146.3% in the fourth quarter. Standard Life Aberdeen plc now owns 5,288 shares of the restaurant operator’s stock valued at $1,313,000 after purchasing an additional 3,141 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Domino’s Pizza by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock valued at $1,067,000 after buying an additional 110 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Domino’s Pizza by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,627 shares of the restaurant operator’s stock valued at $2,635,000 after buying an additional 615 shares during the period. First Allied Advisory Services Inc. purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $235,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Domino’s Pizza by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 112,037 shares of the restaurant operator’s stock valued at $33,028,000 after buying an additional 63,290 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

Further Reading: Return on Equity (ROE)

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

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