TD Cowen Reaffirms "Buy" Rating for Domino's Pizza (NASDAQ:DPZ)

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at TD Cowen in a report released on Monday,Benzinga reports. They presently have a $490.00 price target on the restaurant operator's stock. TD Cowen's price objective suggests a potential upside of 0.98% from the stock's previous close.

DPZ has been the topic of a number of other research reports. Citigroup upped their target price on shares of Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Stephens reaffirmed an "equal weight" rating and set a $420.00 price objective on shares of Domino's Pizza in a report on Monday. Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and upped their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Barclays lowered their price target on Domino's Pizza from $412.00 to $402.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Finally, Oppenheimer upped their price objective on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $503.41.

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Domino's Pizza Trading Up 0.6 %

Shares of NASDAQ DPZ traded up $2.97 during midday trading on Monday, hitting $485.25. The company's stock had a trading volume of 240,481 shares, compared to its average volume of 605,396. The stock has a fifty day moving average price of $443.65 and a 200 day moving average price of $435.98. Domino's Pizza has a one year low of $396.06 and a one year high of $542.75. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 2.47 and a beta of 0.90.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly 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 business 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 business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.48 EPS. On average, equities research analysts predict that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Trading of Domino's Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Domino's Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after purchasing an additional 63 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Domino's Pizza by 45.6% during the third quarter. Sequoia Financial Advisors LLC now owns 894 shares of the restaurant operator's stock valued at $385,000 after buying an additional 280 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Domino's Pizza by 12.7% during the third quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator's stock valued at $1,080,000 after acquiring an additional 283 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Domino's Pizza by 3.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 7,150 shares of the restaurant operator's stock worth $3,076,000 after acquiring an additional 217 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in Domino's Pizza by 9.5% in the 3rd quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator's stock valued at $4,473,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors 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.