Domino’s Pizza (NASDAQ:DPZ) Raised to “Strong-Buy” at Berenberg Bank

Domino’s Pizza (NASDAQ:DPZ) was upgraded by equities research analysts at Berenberg Bank to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Other research analysts have also recently issued reports about the company. Loop Capital restated a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a research note on Monday, August 10th. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Morgan Stanley cut their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. BTIG Research reissued a “buy” rating and set a $425.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $392.58.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $303.10 on Monday. The company’s 50 day simple moving average is $328.19 and its 200-day simple moving average is $329.17. Domino’s Pizza has a 1 year low of $282.00 and a 1 year high of $442.35. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same period in the prior year, the firm earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts expect that Domino’s Pizza will post 18.95 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kennon Green & Company LLC boosted its holdings in Domino’s Pizza by 118.2% in the third quarter. Kennon Green & Company LLC now owns 9,860 shares of the restaurant operator’s stock valued at $2,954,000 after purchasing an additional 5,341 shares in the last quarter. CX Institutional increased its stake in Domino’s Pizza by 15.6% in the third quarter. CX Institutional now owns 652 shares of the restaurant operator’s stock valued at $195,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc raised its holdings in Domino’s Pizza by 169.4% during the third quarter. Versant Capital Management Inc now owns 485 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 305 shares in the last quarter. Andra AP fonden raised its holdings in Domino’s Pizza by 904.5% during the second quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator’s stock worth $4,674,000 after purchasing an additional 14,218 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Domino’s Pizza by 21.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,938 shares of the restaurant operator’s stock worth $574,000 after buying an additional 346 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.