Domino’s Pizza’s (DPZ) Buy Rating Reiterated at TD Securities

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating reiterated by TD Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $490.00 price objective on the restaurant operator’s stock. TD Securities’ price target would suggest a potential upside of 5.27% from the company’s current price.

A number of other brokerages have also commented on DPZ. Citigroup increased their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird cut their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. One research 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 stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $465.47 on Monday. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a market cap of $15.96 billion, a P/E ratio of 28.59, a P/E/G ratio of 2.47 and a beta of 1.06. The business’s fifty day moving average is $460.60 and its two-hundred day moving average is $442.47.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $4.48 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 in the last quarter. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Berkshire Hathaway Inc acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC lifted its position in Domino’s Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after acquiring an additional 8,136 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after acquiring an additional 1,762 shares during the period. Alta Capital Management LLC boosted its holdings in shares of Domino’s Pizza by 20.5% during the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after acquiring an additional 1,214 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after purchasing an additional 21,705 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

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.