Domino's Pizza (NASDAQ:DPZ) Stock Rating Upgraded by Berenberg Bank

Key Points

• Berenberg Bank upgraded Domino’s Pizza to “strong buy.” Across analysts, the stock carries a “Moderate Buy” consensus rating with an average price target of $392.58.
• Domino’s shares opened at $303.10, below their 50-day and 200-day moving averages of roughly $328–$329. The company’s latest quarterly earnings of $4.07 per share missed estimates of $4.17, although revenue rose 4.3% year over year to $1.19 billion.
• Company insiders recently sold shares, including CEO Russell Weiner’s $3.59 million transaction and EVP Kelly Garcia’s $4.00 million sale. Institutional investors and hedge funds own 94.63% of Domino’s stock.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) was upgraded by stock analysts at Berenberg Bank to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research analysts have also weighed in on the stock. BTIG Research restated a "buy" rating and set a $425.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 21st. Morgan Stanley reduced their price target on shares of Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 15th. Loop Capital reissued a "hold" rating and set a $353.00 price target on shares of Domino's Pizza in a research note on Monday, August 10th. UBS Group restated a "buy" rating on shares of Domino's Pizza in a report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Domino's Pizza from $380.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $392.58.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $303.10 on Monday. The company has a market cap of $10.03 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Domino's Pizza has a one year low of $282.00 and a one year high of $442.35. The business has a fifty day moving average of $328.19 and a two-hundred day moving average of $329.17.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.81 earnings per share. Sell-side analysts predict that Domino's Pizza will post 18.95 EPS for the current year.

Insider Buying and Selling

In related news, CEO Russell Weiner sold 10,850 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly Garcia sold 12,430 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.89% of the company's stock.

Institutional Trading of Domino's Pizza

Hedge funds have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in shares of Domino's Pizza during the 4th quarter worth about $25,000. MBM Wealth Consultants LLC purchased a new position in Domino's Pizza during the first quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new position in shares of Domino's Pizza in the 2nd quarter valued at $28,000. Cornerstone Planning Group LLC grew its stake in shares of Domino's Pizza by 450.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after buying an additional 81 shares during the period. Finally, Investors Research Corp grew its stake in shares of Domino's Pizza by 9,900.0% during the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock valued at $30,000 after buying an additional 99 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino's Pizza

Domino's Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino's began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino's serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

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