Domino’s Pizza (NASDAQ:DPZ) Given “Equal Weight” Rating at Stephens

Stephens reaffirmed their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note released on Monday morning,Benzinga reports. Stephens currently has a $420.00 price objective on the restaurant operator’s stock.

A number of other analysts have also recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup increased their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the company from $419.00 to $559.00 in a research report on Friday, November 8th. TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Barclays decreased their target price on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The business has a fifty day moving average price of $441.12 and a 200-day moving average price of $435.12. The firm has a market capitalization 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 issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company earned $4.48 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in DPZ. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd grew its position in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares during the period. 94.63% of the stock is currently owned by 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.