TD Cowen Forecasts Strong Price Appreciation for Domino’s Pizza (NYSE:DPZ) Stock

Domino’s Pizza (NYSE:DPZ) had its price target upped by investment analysts at TD Cowen from $475.00 to $515.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 8.91% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Barclays dropped their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Guggenheim dropped their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $495.76.

Domino’s Pizza Trading Up 0.8 %

NYSE DPZ opened at $472.86 on Monday. Domino’s Pizza has a 12 month low of $370.17 and a 12 month high of $542.75. The stock has a market cap of $16.33 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.44 and a beta of 0.86. The stock’s fifty day moving average price is $428.20 and its 200-day moving average price is $454.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $4.18 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that Domino’s Pizza will post 16.86 earnings per share for the current fiscal year.

Insider Activity at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its position in Domino’s Pizza by 737.1% during the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after purchasing an additional 50,579 shares in the last quarter. Sanctuary Advisors LLC raised its position in Domino’s Pizza by 26.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,936 shares of the restaurant operator’s stock valued at $1,785,000 after purchasing an additional 819 shares in the last quarter. SkyView Investment Advisors LLC raised its position in Domino’s Pizza by 11.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock valued at $1,227,000 after purchasing an additional 295 shares in the last quarter. Soltis Investment Advisors LLC bought a new stake in Domino’s Pizza during the 3rd quarter valued at $241,000. Finally, Toronto Dominion Bank raised its position in Domino’s Pizza by 16.6% during the 3rd quarter. Toronto Dominion Bank now owns 15,178 shares of the restaurant operator’s stock valued at $6,529,000 after purchasing an additional 2,161 shares in the last quarter. 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.