Stephens Reiterates Equal Weight Rating for Domino’s Pizza (NASDAQ:DPZ)

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “equal weight” rating reissued by equities research analysts at Stephens in a research note issued to investors on Monday,Benzinga reports. They currently have a $420.00 price target on the restaurant operator’s stock. Stephens’ price target points to a potential downside of 10.66% from the company’s previous close.

A number of other analysts have also recently weighed in on DPZ. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. TD Cowen raised their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Citigroup lifted their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Trading Up 3.2 %

Shares of NASDAQ:DPZ opened at $470.14 on Monday. The firm’s 50 day moving average is $441.59 and its two-hundred day moving average is $435.35. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a market capitalization of $16.23 billion, a P/E ratio of 28.88, a PEG ratio of 2.47 and a beta of 0.90.

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

Institutional Trading of Domino’s Pizza

Institutional investors have recently made changes to their positions in the business. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. True Wealth Design LLC boosted its position in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. boosted 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 buying an additional 61 shares in the last quarter. Covestor Ltd boosted its position in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. 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.