Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received a consensus rating of “Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $279.05.
DPZ has been the subject of a number of recent analyst reports. Cowen initiated coverage on Domino’s Pizza in a report on Friday, January 11th. They set an “outperform” rating and a $290.00 target price for the company. UBS Group set a $285.00 target price on Domino’s Pizza and gave the company a “hold” rating in a report on Sunday, January 20th. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 target price for the company in a report on Monday, January 14th. Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the company from $305.00 to $310.00 in a report on Wednesday, October 17th. Finally, BTIG Research lifted their target price on Domino’s Pizza to $335.00 and gave the company a “buy” rating in a report on Friday, January 18th.
In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total value of $1,396,550.00. Following the completion of the sale, the chief executive officer now owns 44,864 shares in the company, valued at approximately $12,530,963.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.97% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DPZ. FMR LLC lifted its position in Domino’s Pizza by 150.2% in the second quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock valued at $334,186,000 after purchasing an additional 711,035 shares during the last quarter. BlackRock Inc. lifted its position in Domino’s Pizza by 5.6% in the fourth quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock valued at $1,334,427,000 after purchasing an additional 284,078 shares during the last quarter. Capital International Investors bought a new stake in Domino’s Pizza in the third quarter valued at approximately $59,744,000. Massachusetts Financial Services Co. MA lifted its position in Domino’s Pizza by 319.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 225,664 shares of the restaurant operator’s stock valued at $66,526,000 after purchasing an additional 171,832 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Domino’s Pizza by 38.4% in the third quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock valued at $163,452,000 after purchasing an additional 153,951 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.
DPZ traded up $1.27 during trading hours on Tuesday, hitting $290.16. The stock had a trading volume of 511,887 shares, compared to its average volume of 698,135. Domino’s Pizza has a 1 year low of $199.00 and a 1 year high of $305.34. The firm has a market cap of $12.07 billion, a P/E ratio of 54.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.67.
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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