TD Cowen Raises Domino’s Pizza (NYSE:DPZ) Price Target to $515.00

Domino’s Pizza (NYSE:DPZ) had its price target lifted by equities researchers at TD Cowen from $475.00 to $515.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s target price indicates a potential upside of 13.60% from the company’s current price.

Several other analysts have also issued reports on DPZ. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Wells Fargo & Company cut their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Barclays decreased their price objective on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research note on Friday, October 11th. Finally, Citigroup dropped their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $453.35 on Monday. Domino’s Pizza has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The firm has a market capitalization of $15.65 billion, a PE ratio of 27.85, a P/E/G ratio of 2.44 and a beta of 0.86. The company’s 50-day moving average is $427.00 and its 200-day moving average is $455.08.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 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 5.1% compared to the same quarter last year. During the same period last year, the firm earned $4.18 earnings per share. As a group, analysts expect that Domino’s Pizza will post 16.86 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in DPZ. FMR LLC grew its holdings in shares of Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $549,399,000. Marshfield Associates raised its position in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after buying an additional 2,271 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. Institutional investors 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.