Domino’s Pizza (NYSE:DPZ) Stock Rating Reaffirmed by Stephens

Domino’s Pizza (NYSE:DPZ)‘s stock had its “equal weight” rating reiterated by stock analysts at Stephens in a research note issued on Monday, Benzinga reports. They presently have a $479.00 price target on the restaurant operator’s stock. Stephens’ price objective indicates a potential downside of 9.50% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Piper Sandler upped their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $430.00 price target (up from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Stifel Nicolaus upped their price target on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price target on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their price target for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $516.19.

Domino’s Pizza Stock Up 0.4 %

Shares of DPZ opened at $529.27 on Monday. The business’s 50 day moving average is $469.22 and its two-hundred day moving average is $420.72. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted $2.93 EPS. Domino’s Pizza’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current fiscal year.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norden Group LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $1,082,000. SWS Partners acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $1,964,000. HB Wealth Management LLC boosted its position in shares of Domino’s Pizza by 5.5% in the 1st quarter. HB Wealth Management LLC now owns 688 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 36 shares during the period. Claret Asset Management Corp acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at $209,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Domino’s Pizza by 50.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,879 shares of the restaurant operator’s stock valued at $13,356,000 after purchasing an additional 9,072 shares during the period. 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.