Domino's Pizza's (DPZ) Buy Rating Reaffirmed at Benchmark

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $520.00 target price on the restaurant operator's stock. Benchmark's price objective would indicate a potential upside of 6.19% from the company's current price.

A number of other brokerages have also commented on DPZ. TD Cowen reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday. Loop Capital upgraded Domino's Pizza from a "hold" rating to a "buy" rating and lifted their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Robert W. Baird dropped their price target on Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating on the stock in a report on Tuesday. TD Securities reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and an average price target of $503.41.

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Domino's Pizza Price Performance

Shares of DPZ stock traded up $7.43 during trading hours on Tuesday, reaching $489.71. The company had a trading volume of 634,243 shares, compared to its average volume of 616,201. Domino's Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The business has a fifty day simple moving average of $444.92 and a 200-day simple moving average of $436.29. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

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

Hedge Funds Weigh In On Domino's Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KG&L Capital Management LLC grew its position in Domino's Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock worth $724,000 after buying an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Domino's Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after buying an additional 23 shares in the last quarter. Greenleaf Trust grew its position in Domino's Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator's stock worth $358,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Domino's Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock worth $427,000 after buying an additional 28 shares in 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.