Domino's Pizza (NASDAQ:DPZ) Stock Rating Upgraded by Robert W. Baird

Domino's Pizza (NASDAQ:DPZ - Get Free Report) was upgraded by investment analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a research note issued to investors on Friday, FinViz reports. The brokerage presently has a $400.00 target price on the restaurant operator's stock, up from their previous target price of $320.00. Robert W. Baird's target price points to a potential upside of 20.04% from the stock's previous close.

Several other research firms have also recently commented on DPZ. Berenberg Bank raised Domino's Pizza to a "strong-buy" rating in a report on Monday, October 5th. JPMorgan Chase & Co. decreased their price target on Domino's Pizza from $380.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 29th. Gordon Haskett lowered Domino's Pizza from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 14th. Bank of America cut their price objective on Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, October 14th. Finally, Morgan Stanley reduced their target price on Domino's Pizza from $357.00 to $345.00 and set an "equal weight" rating for the company in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $383.45.

Domino's Pizza Stock Up 1.4%

Shares of Domino's Pizza stock opened at $333.23 on Friday. Domino's Pizza has a 52-week low of $282.00 and a 52-week high of $442.35. The company's 50-day simple moving average is $312.23 and its 200-day simple moving average is $340.08. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, beating analysts' consensus estimates of $4.33 by $0.27. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The firm had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the business earned $4.08 EPS. Domino's Pizza's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Domino's Pizza will post 19.10 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Katherine Trumbull sold 370 shares of Domino's Pizza stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $329.90, for a total transaction of $122,063.00. Following the completion of the transaction, the executive vice president directly owned 5,785 shares of the company's stock, valued at approximately $1,908,471.50. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is owned by insiders.

Institutional Trading of Domino's Pizza

Large investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its stake in shares of Domino's Pizza by 121.6% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator's stock worth $25,000 after buying an additional 45 shares during the last quarter. Balance Wealth Partners LLC acquired a new stake in Domino's Pizza in the 3rd quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in Domino's Pizza during the 2nd quarter valued at about $28,000. Investors Research Corp increased its holdings in 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 acquiring an additional 99 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in 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 acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

About Domino's Pizza

Domino's Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

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