Domino’s Pizza (NASDAQ:DPZ) Receives “Buy” Rating from TD Securities

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating reaffirmed by TD Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $490.00 price target on the restaurant operator’s stock. TD Securities’ price target suggests a potential upside of 8.94% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets lifted their price target on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a research report on Monday, March 3rd. Robert W. Baird dropped their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Finally, Loop Capital cut their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Up 0.6 %

DPZ stock opened at $449.79 on Monday. The stock has a 50-day simple moving average of $459.46 and a two-hundred day simple moving average of $441.65. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market capitalization of $15.43 billion, a PE ratio of 27.55, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.48 earnings per share. On average, equities research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,597 shares of company stock worth $3,762,052. 0.83% of the stock is currently owned by insiders.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza during the third quarter valued at about $549,399,000. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $250,571,000. Invesco Ltd. lifted its position in Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Domino’s Pizza during the fourth quarter worth approximately $56,647,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at $41,701,000. Institutional investors and hedge funds 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.