Domino’s Pizza’s (DPZ) “Hold” Rating Reaffirmed at Loop Capital

Domino’s Pizza (NYSE:DPZ)‘s stock had its “hold” rating reiterated by equities research analysts at Loop Capital in a report released on Friday, Benzinga reports. They currently have a $419.00 price target on the restaurant operator’s stock. Loop Capital’s target price suggests a potential upside of 1.77% from the company’s previous close.

Several other research analysts also recently weighed in on DPZ. JPMorgan Chase & Co. upped their target price on shares of Domino’s Pizza from $450.00 to $470.00 and gave the stock a “neutral” rating in a report on Monday. Oppenheimer cut their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, September 6th. TD Cowen lowered their price target on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating on the stock in a report on Monday. Baird R W raised shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Finally, Benchmark lowered their target price on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $507.93.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $411.71 on Friday. The stock has a 50-day simple moving average of $427.79 and a two-hundred day simple moving average of $473.04. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75. The firm has a market capitalization of $14.36 billion, a PE ratio of 26.87, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.08 EPS. Equities analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Domino’s Pizza during the second quarter valued at approximately $6,454,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Domino’s Pizza in the second quarter worth $268,000. Sanctuary Advisors LLC bought a new stake in shares of Domino’s Pizza during the second quarter worth $1,556,000. Cetera Investment Advisers boosted its stake in shares of Domino’s Pizza by 29.7% during the second quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock valued at $5,171,000 after purchasing an additional 2,294 shares during the period. Finally, Granite Bay Wealth Management LLC bought a new position in shares of Domino’s Pizza in the second quarter worth about $6,423,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.