Domino’s Pizza’s (DPZ) “Buy” Rating Reaffirmed at TD Cowen

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating restated by equities researchers at TD Cowen in a report released on Monday,Benzinga reports. They currently have a $490.00 target price on the restaurant operator’s stock. TD Cowen’s target price would indicate a potential upside of 7.54% from the company’s previous close.

Several other equities analysts have also commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday. TD Securities reaffirmed a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the company from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $420.00 price objective on shares of Domino’s Pizza in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $501.41.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $6.73 during trading on Monday, reaching $455.64. 1,686,239 shares of the stock were exchanged, compared to its average volume of 604,518. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm’s 50-day moving average price is $440.97 and its 200 day moving average price is $435.00. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.48 earnings per share. As a group, equities research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sherman Asset Management Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $25,000. True Wealth Design LLC boosted its stake in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd grew its holdings in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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.