Oppenheimer Analysts Give Domino’s Pizza (NYSE:DPZ) a $295.00 Price Target

Oppenheimer set a $295.00 price objective on Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the restaurant operator’s stock. Oppenheimer also issued estimates for Domino’s Pizza’s Q4 2019 earnings at $2.94 EPS, Q1 2020 earnings at $2.36 EPS, Q2 2020 earnings at $2.27 EPS, Q3 2020 earnings at $2.44 EPS, Q4 2020 earnings at $3.78 EPS, FY2020 earnings at $10.84 EPS and FY2021 earnings at $12.15 EPS.

Several other research analysts have also recently weighed in on DPZ. MKM Partners began coverage on Domino’s Pizza in a report on Tuesday, August 13th. They set a neutral rating and a $265.00 target price on the stock. Bank of America set a $295.00 price objective on Domino’s Pizza and gave the company a buy rating in a report on Wednesday. Northcoast Research reiterated a neutral rating on shares of Domino’s Pizza in a report on Monday. Wells Fargo & Co upped their price objective on Domino’s Pizza from $261.00 to $271.00 and gave the company a market perform rating in a report on Wednesday. Finally, Cowen reiterated an outperform rating and issued a $295.00 price objective (up from $260.00) on shares of Domino’s Pizza in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $287.00.

Shares of Domino’s Pizza stock traded up $3.02 on Wednesday, hitting $257.79. 879,091 shares of the company were exchanged, compared to its average volume of 873,186. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The company has a 50-day moving average price of $239.00 and a 200 day moving average price of $259.70. Domino’s Pizza has a 1-year low of $220.90 and a 1-year high of $302.05.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The company had revenue of $820.81 million for the quarter, compared to analyst estimates of $827.23 million. Domino’s Pizza had a negative return on equity of 12.92% and a net margin of 10.79%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza will post 9.38 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Domino’s Pizza by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,760,490 shares of the restaurant operator’s stock worth $1,046,469,000 after purchasing an additional 31,216 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Domino’s Pizza by 47.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 931,724 shares of the restaurant operator’s stock worth $259,280,000 after purchasing an additional 300,755 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Domino’s Pizza by 78.1% during the second quarter. Wells Fargo & Company MN now owns 858,292 shares of the restaurant operator’s stock worth $238,845,000 after purchasing an additional 376,248 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Domino’s Pizza by 3.0% during the second quarter. Fisher Asset Management LLC now owns 811,558 shares of the restaurant operator’s stock worth $225,840,000 after purchasing an additional 23,385 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Domino’s Pizza by 78.0% during the second quarter. Invesco Ltd. now owns 727,307 shares of the restaurant operator’s stock worth $202,395,000 after purchasing an additional 318,789 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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