Domino’s Pizza (NYSE:DPZ) Stock Rating Reaffirmed by Royal Bank of Canada

Domino’s Pizza (NYSE:DPZ)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank of Canada in a report released on Thursday, Benzinga reports. They presently have a $575.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 10.19% from the stock’s current price.

Other research analysts have also recently issued reports about the company. BTIG Research upped their price objective on Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. TD Securities reiterated a “buy” rating and issued a $580.00 price objective on shares of Domino’s Pizza in a report on Thursday, May 16th. Jefferies Financial Group upped their price objective on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Stephens upped their price objective on Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, Argus upped their price objective on Domino’s Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $525.66.

Domino’s Pizza Price Performance

DPZ stock opened at $521.83 on Thursday. The business has a 50 day simple moving average of $510.67 and a 200-day simple moving average of $460.46. The firm has a market capitalization of $18.20 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85. Domino’s Pizza has a 1 year low of $313.87 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $2.93 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza will post 16 EPS for the current year.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders have sold a total of 12,633 shares of company stock valued at $6,649,181 over the last quarter. 0.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Domino’s Pizza by 9.7% during the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock valued at $485,000 after acquiring an additional 104 shares during the period. Tritonpoint Wealth LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $1,980,000. Nisa Investment Advisors LLC lifted its position in shares of Domino’s Pizza by 353.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after acquiring an additional 3,189 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Domino’s Pizza by 0.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after acquiring an additional 39 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after acquiring an additional 498,170 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.