Domino's Pizza (DPZ) Given New $230.00 Price Target at Oppenheimer

Domino's Pizza (NYSE:DPZ) had its price target hoisted by Oppenheimer from $220.00 to $230.00 in a research report sent to investors on Wednesday morning. The firm currently has an outperform rating on the restaurant operator’s stock. Oppenheimer also issued estimates for Domino's Pizza’s Q1 2018 earnings at $1.74 EPS, Q4 2018 earnings at $2.60 EPS, FY2018 earnings at $7.78 EPS and FY2019 earnings at $9.19 EPS.

Other equities analysts also recently issued reports about the stock. Deutsche Bank upped their price target on shares of Domino's Pizza to $220.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Nomura upped their price target on shares of Domino's Pizza to $230.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Maxim Group upped their price target on shares of Domino's Pizza from $240.00 to $250.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Barclays upped their price target on shares of Domino's Pizza from $184.00 to $215.00 and gave the stock an equal weight rating in a research note on Thursday, January 11th. Finally, Mizuho assumed coverage on shares of Domino's Pizza in a research note on Wednesday, January 24th. They issued a buy rating and a $250.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $219.91.

Domino's Pizza (NYSE:DPZ) opened at $209.78 on Wednesday. Domino's Pizza has a one year low of $166.74 and a one year high of $221.91. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13. The firm has a market cap of $9,096.70, a price-to-earnings ratio of 40.03, a PEG ratio of 1.72 and a beta of 0.45.

In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.57% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its holdings in Domino's Pizza by 12.2% during the second 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. Synovus Financial Corp boosted its holdings in Domino's Pizza by 23.8% during the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after acquiring an additional 246 shares during the period. Whittier Trust Co. boosted its holdings in Domino's Pizza by 1.6% during the third quarter. Whittier Trust Co. now owns 18,412 shares of the restaurant operator’s stock valued at $3,656,000 after acquiring an additional 285 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Domino's Pizza by 3.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,741 shares of the restaurant operator’s stock valued at $2,061,000 after acquiring an additional 316 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Domino's Pizza by 24.6% during the third quarter. CIBC Asset Management Inc now owns 1,979 shares of the restaurant operator’s stock valued at $393,000 after acquiring an additional 391 shares during the period. 94.20% of the stock is currently owned by hedge funds and other institutional investors.

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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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