Domino’s Pizza’s (DPZ) Buy Rating Reiterated at TD Securities

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating reaffirmed by TD Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $490.00 price objective on the restaurant operator’s stock. TD Securities’ price objective would indicate a potential upside of 0.75% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Robert W. Baird boosted their target price on shares of Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Loop Capital reduced their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Benchmark reissued a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $499.48.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $1.24 during midday trading on Monday, reaching $486.34. The company had a trading volume of 729,922 shares, compared to its average volume of 627,174. The company has a fifty day simple moving average of $462.60 and a two-hundred day simple moving average of $448.43. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.58 EPS. Analysts expect that Domino’s Pizza will post 16.74 EPS for the current year.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the 4th quarter worth $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in Domino’s Pizza in the 1st quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its stake in shares of Domino’s Pizza by 1,016.7% during the fourth 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. Finally, Covestor Ltd boosted its holdings in shares of Domino’s Pizza by 158.1% during 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 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.