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

Royal Bank of Canada reiterated their outperform rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a $500.00 price target on the restaurant operator’s stock.

DPZ has been the topic of a number of other reports. Oppenheimer boosted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Citigroup boosted their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays cut their price target on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. TD Cowen lifted their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Morgan Stanley cut their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $505.67.

Domino’s Pizza Stock Down 2.0 %

Shares of NASDAQ DPZ opened at $462.37 on Thursday. The company has a market capitalization of $15.97 billion, a PE ratio of 28.40, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a fifty day simple moving average of $440.97 and a 200 day simple moving average of $434.95.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza in the third quarter valued at $549,399,000. Janney Montgomery Scott LLC raised its stake in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC lifted its holdings in Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Commerce Bank raised its position in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after purchasing an additional 1,404 shares during the period. 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.