Domino’s Pizza’s (DPZ) “Equal Weight” Rating Reaffirmed at Stephens

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $440.00 target price on the restaurant operator’s stock. Stephens’ price objective points to a potential downside of 5.47% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets boosted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Loop Capital lowered their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. TD Cowen restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $465.47 on Wednesday. The stock has a market cap of $15.96 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock’s 50-day moving average is $460.60 and its two-hundred day moving average is $442.47.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 EPS. On average, equities research analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,597 shares of company stock worth $3,762,052. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in Domino’s Pizza by 4.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,811 shares of the restaurant operator’s stock valued at $832,000 after purchasing an additional 70 shares in the last quarter. Fairtree Asset Management Pty Ltd acquired a new stake in Domino’s Pizza in the 4th quarter valued at $832,000. Wealth Enhancement Advisory Services LLC boosted its stake in Domino’s Pizza by 123.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,829 shares of the restaurant operator’s stock valued at $4,126,000 after buying an additional 5,422 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in Domino’s Pizza in the fourth quarter valued at $4,645,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Institutional investors own 94.63% of the company’s stock.

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.