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

TD Securities reaffirmed their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $490.00 price objective on the restaurant operator’s stock.

Several other equities analysts also recently weighed in on DPZ. Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. Stephens reaffirmed an “equal weight” rating and set a $420.00 price target on shares of Domino’s Pizza in a report on Monday. Citigroup upped their target price on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.41.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $455.64 on Monday. The company has a market capitalization of $15.73 billion, a P/E ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The business has a 50 day moving average price of $441.12 and a 200 day moving average price of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.48 EPS. On average, research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sherman Asset Management Inc. acquired a new stake in Domino’s Pizza in the fourth quarter worth approximately $25,000. True Wealth Design LLC raised 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 in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Covestor Ltd lifted 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 buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Domino’s Pizza by 40.0% in the 4th 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 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.