Domino’s Pizza’s (DPZ) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report released on Thursday,Benzinga reports. The firm currently has a $500.00 target price on the restaurant operator’s stock.

A number of other brokerages have also recently issued reports on DPZ. TD Cowen upped their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Citigroup upped their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Barclays decreased their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Stock Down 0.8 %

DPZ stock opened at $471.67 on Thursday. The firm has a 50 day moving average of $440.78 and a two-hundred day moving average of $434.68. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.50 and a beta of 0.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $549,399,000. Norges Bank bought a new stake in Domino’s Pizza during the fourth quarter worth about $250,571,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after buying an additional 522,490 shares during the last quarter. FMR LLC increased its holdings in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Domino’s Pizza in the third quarter valued at approximately $99,352,000. 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.