TD Cowen Reaffirms Buy Rating for Domino’s Pizza (NYSE:DPZ)

Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating reissued by research analysts at TD Cowen in a report issued on Friday, Benzinga reports. They currently have a $475.00 price target on the restaurant operator’s stock. TD Cowen’s target price would suggest a potential upside of 9.95% from the stock’s current price.

Several other analysts have also issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $430.00 target price on shares of Domino’s Pizza in a research note on Thursday. Guggenheim cut their price target on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Royal Bank of Canada reduced their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday. Robert W. Baird lowered their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $494.03.

Domino’s Pizza Stock Up 5.7 %

NYSE DPZ traded up $23.25 during trading hours on Friday, reaching $432.00. 778,542 shares of the company were exchanged, compared to its average volume of 613,855. The business’s 50 day simple moving average is $421.61 and its 200-day simple moving average is $469.81. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The stock has a market capitalization of $15.11 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.18 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza will post 16.24 earnings per share for the current year.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently modified their holdings of DPZ. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza in the third quarter valued at about $30,000. Blue Trust Inc. grew its stake in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Domino’s Pizza in the first quarter worth about $36,000. Versant Capital Management Inc lifted its holdings in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza during the 3rd quarter valued at approximately $43,000. 94.63% of the stock is owned by hedge funds and other 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.