Brokerages Set Domino's Pizza, Inc. (DPZ) PT at $221.29

Shares of Domino's Pizza, Inc. (NYSE:DPZ) have been given an average rating of “Buy” by the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $221.29.

A number of equities research analysts recently issued reports on DPZ shares. Credit Suisse Group raised their price target on Domino's Pizza from $200.00 to $205.00 and gave the stock 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. Maxim Group reissued a “buy” rating and set a $240.00 price target on shares of Domino's Pizza in a research note on Friday, December 22nd. Deutsche Bank started coverage on Domino's Pizza in a research note on Monday, December 18th. They set a “buy” rating and a $210.00 price target for the company. Finally, Nomura raised Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price target for the company in a research note on Wednesday, November 29th.

In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction 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 directly owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.57% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank increased its holdings in shares of Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares during the period. Strs Ohio increased its holdings in shares of Domino's Pizza by 4,601.2% in the 3rd quarter. Strs Ohio now owns 30,652 shares of the restaurant operator’s stock valued at $6,085,000 after acquiring an additional 30,000 shares during the period. Cavalier Investments LLC purchased a new position in shares of Domino's Pizza in the 3rd quarter valued at $824,000. Vident Investment Advisory LLC purchased a new position in shares of Domino's Pizza in the 3rd quarter valued at $562,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Domino's Pizza in the 3rd quarter valued at $8,010,000. 94.20% of the stock is owned by institutional investors and hedge funds.

Shares of Domino's Pizza (NYSE DPZ) traded up $0.90 during mid-day trading on Friday, hitting $216.85. The company had a trading volume of 699,032 shares, compared to its average volume of 1,003,897. Domino's Pizza has a 52-week low of $166.74 and a 52-week high of $221.91. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. The company has a market cap of $9,440.00, a price-to-earnings ratio of 41.30, a P/E/G ratio of 1.80 and a beta of 0.37.

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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)

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