Domino’s Pizza (NYSE:DPZ) Stock Rating Reaffirmed by Wedbush

Domino’s Pizza (NYSE:DPZ)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research note issued on Friday, Benzinga reports. They currently have a $470.00 target price on the restaurant operator’s stock. Wedbush’s price target points to a potential upside of 9.39% from the stock’s current price.

A number of other research firms have also issued reports on DPZ. Royal Bank of Canada lowered their target price on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird lowered their price objective 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. BMO Capital Markets reduced their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group started coverage on Domino’s Pizza in a report on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $429.67 on Friday. The stock’s 50-day moving average is $421.63 and its 200-day moving average is $469.47. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75.

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

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares during the period. Czech National Bank grew its holdings in shares of Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after buying an additional 27 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 27 shares in the last quarter. Insight Folios Inc boosted its position in Domino’s Pizza by 3.4% during the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its position in Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.