In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Domino’s Pizza (DPZ), with a price target of $310. The company’s shares closed yesterday at $259.62.
Anderson commented:
“We maintain our Buy rating and $310 price target on Domino’s Pizza (DPZ) following our visit yesterday to the company’s new supply chain facility in Edison, NJ. After our visit, we are more confident in our view that DPZ will realize supply chain efficiency gains beginning in 2H19, rather than in 2020. We also expect continued best-in-class performance for DPZ’s U.S. operations as the company gains additional market share. Our EPS estimates are unchanged at $2.86 for 4Q18 (vs. $2.72 2019 (vs. $9.53 2020 (vs. $11.13 Street).”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.0% and a 71.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Domino’s Pizza is a Moderate Buy with an average price target of $300.21, a 15.6% upside from current levels. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $310 price target.
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Domino’s Pizza’s market cap is currently $10.8B and has a P/E ratio of 33.20. The company has a Price to Book ratio of -3.63.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Patrick J. Doyle, an Insider at DPZ sold 4,064 shares for a total of $1,227,328.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Domino’s Pizza, Inc. is a pizza delivery company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. The company operates though the following segments: Domestic Stores, Supply Chain and International Franchise.
