BTIG Research Reiterates “Buy” Rating for Domino’s Pizza (NASDAQ:DPZ)

Domino’s Pizza (NASDAQ:DPZGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a report issued on Tuesday,Benzinga reports. They presently have a $425.00 price objective on the restaurant operator’s stock. BTIG Research’s price target points to a potential upside of 29.19% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Rothschild & Co Redburn decreased their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. TD Cowen reissued a “hold” rating and issued a $310.00 target price (up from $295.00) on shares of Domino’s Pizza in a report on Monday. Wells Fargo & Company decreased their price target on Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating for the company in a research note on Thursday. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a report on Monday, April 27th. Finally, Jefferies Financial Group dropped their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Eighteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $401.52.

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Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $328.97 on Tuesday. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. Domino’s Pizza has a one year low of $282.00 and a one year high of $496.00. The company’s 50-day moving average is $309.24 and its 200 day moving average is $357.66.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 18.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,950 shares of company stock worth $611,451. 0.89% of the stock is currently owned by insiders.

Institutional Trading of Domino’s Pizza

Large investors have recently modified their holdings of the company. SHP Wealth Management purchased a new stake in Domino’s Pizza during the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the period. Investors Research Corp boosted its position in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in Domino’s Pizza in the first quarter worth about $31,000. Finally, Cornerstone Planning Group LLC boosted its position in Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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About Domino’s Pizza

(Get Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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