Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating restated by research analysts at Maxim Group in a report issued on Wednesday. They presently have a $255.00 target price on the restaurant operator’s stock. Maxim Group’s target price indicates a potential upside of 5.95% from the stock’s previous close.
A number of other research firms also recently weighed in on DPZ. Deutsche Bank reissued a “hold” rating and set a $235.00 price target on shares of Domino’s Pizza in a research report on Wednesday, April 4th. Oppenheimer lifted their price objective on shares of Domino’s Pizza from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $236.00 to $238.00 and gave the stock an “equal weight” rating in a report on Monday, March 26th. Finally, Citigroup lifted their price objective on shares of Domino’s Pizza from $217.00 to $232.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $234.55.
DPZ stock opened at $240.69 on Wednesday. Domino’s Pizza has a twelve month low of $166.74 and a twelve month high of $241.41. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. The company has a market cap of $10,246.51, a PE ratio of 41.14, a P/E/G ratio of 1.98 and a beta of 0.37.
Domino’s Pizza announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 20th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of DPZ. Stifel Financial Corp raised its stake in shares of Domino’s Pizza by 86.0% during the third quarter. Stifel Financial Corp now owns 13,673 shares of the restaurant operator’s stock valued at $2,730,000 after purchasing an additional 6,323 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Domino’s Pizza by 241.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,502 shares of the restaurant operator’s stock worth $497,000 after acquiring an additional 1,770 shares during the period. DnB Asset Management AS acquired a new position in Domino’s Pizza during the fourth quarter worth about $2,003,000. Gateway Investment Advisers LLC grew its holdings in Domino’s Pizza by 7.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 46,193 shares of the restaurant operator’s stock worth $8,729,000 after acquiring an additional 3,384 shares during the period. Finally, Creative Planning grew its holdings in Domino’s Pizza by 31.1% during the fourth quarter. Creative Planning now owns 2,488 shares of the restaurant operator’s stock worth $470,000 after acquiring an additional 590 shares during the period.
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About Domino’s Pizza
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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