BMO Capital Markets Issues Positive Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price target raised by investment analysts at BMO Capital Markets from $500.00 to $515.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 9.09% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Stephens increased their price target on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.56.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ traded up $16.45 during mid-day trading on Tuesday, reaching $472.09. The company’s stock had a trading volume of 380,672 shares, compared to its average volume of 597,522. The stock has a market capitalization of $16.30 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a 50-day moving average of $441.12 and a two-hundred day moving average of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $4.48 earnings per share. Analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Private Advisor Group LLC raised its holdings in Domino’s Pizza by 12.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator’s stock valued at $1,080,000 after acquiring an additional 283 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Domino’s Pizza by 9.5% during the 3rd quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator’s stock worth $4,473,000 after purchasing an additional 900 shares during the period. Baker Tilly Wealth Management LLC lifted its position in Domino’s Pizza by 24.1% during the third quarter. Baker Tilly Wealth Management LLC now owns 773 shares of the restaurant operator’s stock worth $333,000 after buying an additional 150 shares during the period. Finally, abrdn plc boosted its stake in Domino’s Pizza by 0.9% in the 3rd quarter. abrdn plc now owns 13,432 shares of the restaurant operator’s stock worth $5,841,000 after buying an additional 119 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

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.