Domino’s Pizza (NASDAQ:DPZ) Earns Outperform Rating from Royal Bank of Canada

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They presently have a $500.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price objective points to a potential upside of 8.14% from the company’s previous close.

DPZ has been the subject of a number of other reports. TD Cowen increased their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Oppenheimer increased their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Citigroup increased their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, 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 report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $462.37 on Thursday. The company has a 50 day simple moving average of $440.97 and a 200-day simple moving average of $434.91. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Berkshire Hathaway Inc bought a new position in Domino’s Pizza in the third quarter worth $549,399,000. Norges Bank bought a new position in Domino’s Pizza in the fourth quarter worth $250,571,000. International Assets Investment Management LLC lifted its position in Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares during the period. FMR LLC lifted its position in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in Domino’s Pizza in the third quarter worth $99,352,000. 94.63% of the stock is owned by institutional investors.

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.