Domino’s Pizza (NASDAQ:DPZ) Earns Equal Weight Rating from Stephens

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

A number of other brokerages also recently weighed in on DPZ. Oppenheimer boosted their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup upped their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday. Finally, Loop Capital decreased their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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 has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ opened at $465.47 on Wednesday. The company has a market capitalization of $15.96 billion, a P/E ratio of 28.59, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The business’s 50 day simple moving average is $460.60 and its 200-day simple moving average is $442.47.

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

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock worth $3,762,052. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the business. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino’s Pizza during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its position in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. 94.63% of the stock is owned by 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.