JPMorgan Chase & Co. Raises Domino’s Pizza (NYSE:DPZ) Price Target to $470.00

Domino’s Pizza (NYSE:DPZ) had its target price increased by analysts at JPMorgan Chase & Co. from $450.00 to $470.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.19% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday. TD Cowen decreased their price objective on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday. Benchmark decreased their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Oppenheimer decreased their price objective on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. Finally, Royal Bank of Canada cut their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $507.93.

Domino’s Pizza Stock Performance

NYSE DPZ traded up $5.51 on Monday, reaching $408.03. 196,490 shares of the company’s stock traded hands, compared to its average volume of 602,113. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.14 and a beta of 0.86. The stock has a 50 day moving average price of $432.29 and a 200-day moving average price of $474.02. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.08 earnings per share. As a group, equities research analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DPZ. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the period. Coatue Management LLC purchased a new stake in Domino’s Pizza during the fourth quarter worth about $322,859,000. Marshfield Associates boosted its holdings in Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after buying an additional 2,271 shares in the last quarter. TD Asset Management Inc boosted its holdings in Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after buying an additional 138,224 shares in the last quarter. Finally, Norges Bank purchased a new stake in Domino’s Pizza during the fourth quarter worth about $208,604,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

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.