Domino’s Pizza (NASDAQ:DPZ) Earns “Buy” Rating from TD Cowen

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Cowen in a report released on Monday,Benzinga reports. They currently have a $490.00 target price on the restaurant operator’s stock. TD Cowen’s price objective would suggest a potential upside of 4.22% from the stock’s current price.

A number of other brokerages also recently commented on DPZ. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Stephens reiterated an “equal weight” rating and set a $420.00 price target on shares of Domino’s Pizza in a research note on Monday. Barclays lowered their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Up 3.2 %

Shares of DPZ stock opened at $470.14 on Monday. The firm has a market capitalization of $16.23 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The firm’s fifty day simple moving average is $441.59 and its 200 day simple moving average is $435.35.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $4.48 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently modified their holdings of the company. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC boosted its holdings in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd increased its stake in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. 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.