Deutsche Bank began coverage on shares of Domino's Pizza (NYSE:DPZ) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $210.00 price target on the restaurant operator’s stock. Deutsche Bank’s price target would indicate a potential upside of 12.26% from the company’s current price.
Several other equities analysts have also issued reports on DPZ. Zacks Investment Research raised Domino's Pizza from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday, August 28th. Maxim Group raised Domino's Pizza from a “hold” rating to a “buy” rating and lifted their price target for the stock from $220.00 to $230.00 in a research report on Thursday, November 2nd. Credit Suisse Group lifted their price target on Domino's Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Guggenheim reaffirmed a “buy” rating and issued a $230.00 price target on shares of Domino's Pizza in a research report on Friday, October 13th. Finally, Barclays lifted their price target on Domino's Pizza from $180.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Friday, October 13th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.28.
Domino's Pizza (DPZ) opened at $187.06 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The company has a market capitalization of $8,134.55, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. Domino's Pizza has a 52-week low of $156.26 and a 52-week high of $221.58.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $184.87, for a total value of $3,142,790.00. Following the completion of the sale, the chief financial officer now directly owns 26,841 shares in the company, valued at approximately $4,962,095.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Russell J. Weiner sold 7,276 shares of Domino's Pizza stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Commonwealth Bank of Australia increased its holdings in Domino's Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after buying an additional 100 shares in the last quarter. Toronto Dominion Bank increased its holdings in Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Domino's Pizza in the 2nd quarter worth about $127,000. FNY Partners Fund LP bought a new stake in Domino's Pizza in the 3rd quarter worth about $158,000. Finally, Synovus Financial Corp bought a new stake in Domino's Pizza in the 3rd quarter worth about $206,000. Institutional investors own 94.18% of the company’s stock.
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About Domino's Pizza
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.
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