Domino’s Pizza (NYSE:DPZ) Receives “Buy” Rating from TD Cowen

Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating reissued by analysts at TD Cowen in a research report issued on Thursday, Benzinga reports. They currently have a $610.00 price objective on the restaurant operator’s stock. TD Cowen’s price target points to a potential upside of 28.93% from the stock’s previous close.

DPZ has been the topic of a number of other reports. Stephens boosted their price target on Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Evercore ISI lifted their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Citigroup lifted their price objective on Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Domino’s Pizza from $555.00 to $580.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, TD Securities reaffirmed a “buy” rating and issued a $580.00 price objective on shares of Domino’s Pizza in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $535.29.

Domino’s Pizza Trading Down 3.4 %

NYSE DPZ opened at $473.11 on Thursday. The stock’s 50 day moving average is $510.48 and its 200 day moving average is $473.57. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75. The stock has a market cap of $16.50 billion, a PE ratio of 30.88, a P/E/G ratio of 2.41 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $2.93 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza will post 16.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the 4th quarter worth $25,000. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the first quarter valued at about $36,000. Creative Financial Designs Inc. ADV raised its stake in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Versant Capital Management Inc raised its stake in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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.