TD Cowen Reiterates Hold Rating for Domino’s Pizza (NASDAQ:DPZ)

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “hold” rating restated by stock analysts at TD Cowen in a report issued on Monday, Marketbeat reports. They presently have a $460.00 price objective on the restaurant operator’s stock, down from their previous price objective of $500.00. TD Cowen’s price objective would suggest a potential upside of 13.16% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Bank of America upped their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $487.00.

Domino’s Pizza Stock Down 1.2%

Domino’s Pizza stock opened at $406.50 on Monday. The business has a 50-day simple moving average of $416.57 and a 200 day simple moving average of $435.82. Domino’s Pizza has a 52 week low of $392.89 and a 52 week high of $500.55. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.94 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.19 earnings per share. On average, research analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DPZ. Vident Advisory LLC lifted its position in shares of Domino’s Pizza by 37.2% in the 1st quarter. Vident Advisory LLC now owns 774 shares of the restaurant operator’s stock worth $356,000 after purchasing an additional 210 shares during the period. Amundi lifted its holdings in Domino’s Pizza by 3.9% in the first quarter. Amundi now owns 63,975 shares of the restaurant operator’s stock worth $29,533,000 after buying an additional 2,426 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Domino’s Pizza by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after acquiring an additional 21 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Domino’s Pizza by 4.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,060 shares of the restaurant operator’s stock worth $2,325,000 after acquiring an additional 200 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $703,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.