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

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $500.00 price objective on the restaurant operator's stock. Royal Bank of Canada's price target points to a potential upside of 12.56% from the stock's previous close.

DPZ has been the topic of several other reports. Wedbush reaffirmed an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research note on Tuesday, February 25th. Morgan Stanley decreased 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 report on Tuesday, January 21st. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. BMO Capital Markets raised their price objective on Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Barclays upped their target price on Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $503.41.

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Domino's Pizza Stock Down 4.2 %

Shares of Domino's Pizza stock traded down $19.57 during trading on Tuesday, hitting $444.21. 1,057,656 shares of the company were exchanged, compared to its average volume of 620,661. The firm has a 50 day moving average price of $461.64 and a 200 day moving average price of $443.26. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly 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 analyst estimates 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 was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $4.48 earnings per share. Analysts predict that Domino's Pizza will post 16.74 earnings per share for the current year.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino's Pizza

A number of hedge funds have recently bought and sold shares of the business. Sherman Asset Management Inc. acquired a new position in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza in the fourth quarter worth $25,000. True Wealth Design LLC raised its holdings in Domino's Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. 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.