Domino’s Pizza (NASDAQ:DPZ) Earns Equal Weight Rating from Stephens

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “equal weight” rating restated by equities researchers at Stephens in a report released on Monday,Benzinga reports. They currently have a $440.00 target price on the restaurant operator’s stock. Stephens’ price objective would indicate a potential downside of 8.67% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. Barclays increased their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Robert W. Baird decreased their price target on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Trading Down 0.4 %

Shares of NASDAQ DPZ opened at $481.77 on Monday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. The stock’s 50 day simple moving average is $447.08 and its 200 day simple moving average is $436.77.

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

Institutional Trading of Domino’s Pizza

Several large investors have recently added to or reduced their stakes in the business. abrdn plc increased its position in Domino’s Pizza by 0.9% during the third quarter. abrdn plc now owns 13,432 shares of the restaurant operator’s stock worth $5,841,000 after buying an additional 119 shares during the last quarter. US Bancorp DE boosted its stake in shares of Domino’s Pizza by 5.8% during the 3rd quarter. US Bancorp DE now owns 6,590 shares of the restaurant operator’s stock worth $2,835,000 after acquiring an additional 360 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Domino’s Pizza by 6.6% during the 3rd quarter. Stephens Inc. AR now owns 2,382 shares of the restaurant operator’s stock valued at $1,025,000 after acquiring an additional 148 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Domino’s Pizza by 7.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after acquiring an additional 215 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Domino’s Pizza by 108.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,913 shares of the restaurant operator’s stock worth $1,683,000 after purchasing an additional 2,036 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

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.