Domino’s Pizza (NASDAQ:DPZ) Given “Outperform” Rating at Royal Bank of Canada

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They presently have a $500.00 price objective on the restaurant operator’s stock. Royal Bank of Canada’s price target indicates a potential upside of 6.76% from the stock’s previous close.

DPZ has been the topic of a number of other research reports. Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. TD Securities reissued a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Loop Capital decreased their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Trading Up 0.6 %

Shares of NASDAQ DPZ opened at $468.35 on Tuesday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a 50 day simple moving average of $461.12 and a 200-day simple moving average of $442.65. The company has a market cap of $16.06 billion, a PE ratio of 28.77, a P/E/G ratio of 2.47 and a beta of 1.06.

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

Insider Buying and Selling

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock worth $3,762,052. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in DPZ. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC bought a new position in Domino’s Pizza in the 4th quarter worth $25,000. True Wealth Design LLC lifted its position in 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 worth $28,000 after acquiring an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the period. Finally, Covestor Ltd grew its position in shares of 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 purchasing an additional 49 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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.