Domino’s Pizza (NYSE:DPZ) Given New $445.00 Price Target at Wedbush

Domino’s Pizza (NYSE:DPZ – Free Report) had its price target increased by Wedbush from $430.00 to $445.00 in a research report report published on Monday, FlyOnTheWall reports. Wedbush also issued estimates for Domino’s Pizza’s Q3 2023 earnings at $3.23 EPS, Q4 2023 earnings at $4.21 EPS and Q4 2024 earnings at $4.79 EPS.

Several other equities research analysts also recently weighed in on DPZ. Oppenheimer increased their price target on Domino’s Pizza from $375.00 to $400.00 in a research report on Monday, July 10th. Bank of America increased their price target on Domino’s Pizza from $409.00 to $415.00 in a research report on Friday, April 28th. BMO Capital Markets increased their price target on Domino’s Pizza from $395.00 to $450.00 in a research report on Thursday, July 13th. Robert W. Baird increased their price target on Domino’s Pizza from $320.00 to $360.00 in a research report on Thursday, July 13th. Finally, Loop Capital increased their price target on Domino’s Pizza from $320.00 to $343.00 in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $379.69.

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Domino’s Pizza Stock Up 0.1 %

Shares of NYSE:DPZ opened at $385.90 on Monday. The business has a 50-day moving average price of $328.46 and a 200-day moving average price of $328.95. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.22 and a beta of 0.83. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $417.23.

Domino’s Pizza (NYSE:DPZ – Get Free Report) last announced its quarterly earnings data on Monday, July 24th. The restaurant operator reported $3.08 EPS for the quarter, beating the consensus estimate of $3.06 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Domino’s Pizza had a net margin of 10.24% and a negative return on equity of 11.07%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. As a group, equities analysts anticipate that Domino’s Pizza will post 13.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 382 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total value of $152,800.00. Following the transaction, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DPZ. MV Capital Management Inc. lifted its stake in Domino’s Pizza by 281.0% in the 1st quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter valued at approximately $30,000. KB Financial Partners LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter valued at approximately $32,000. Luken Investment Analytics LLC purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $35,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $42,000. 90.58% of the stock is owned by hedge funds and other institutional investors.

About Domino’s Pizza

(Get Free Report)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.

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