Hsbc Global Res Upgrades Domino's Pizza (NASDAQ:DPZ) to Strong-Buy

Domino's Pizza (NASDAQ:DPZ - Get Free Report) was upgraded by equities research analysts at Hsbc Global Res to a "strong-buy" rating in a research note issued to investors on Tuesday, April 22nd,Zacks.com reports.

DPZ has been the subject of several other reports. Wells Fargo & Company raised their price objective on shares of Domino's Pizza from $420.00 to $445.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Loop Capital dropped their target price on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, March 31st. BMO Capital Markets boosted their price objective on shares of Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Finally, Citigroup decreased their target price on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $501.88.

Domino's Pizza Trading Down 0.2 %

Shares of DPZ stock traded down $0.81 during mid-day trading on Tuesday, reaching $492.62. The stock had a trading volume of 136,788 shares, compared to its average volume of 623,006. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market capitalization of $16.90 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock's 50-day moving average price is $463.34 and its two-hundred day moving average price is $449.16.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.58 earnings per share. On average, equities research analysts forecast that Domino's Pizza will post 16.74 earnings per share for the current year.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was 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 owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Several institutional investors and hedge funds have recently modified their holdings of DPZ. Janney Montgomery Scott LLC lifted its stake in Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after purchasing an additional 8,136 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Domino's Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Alta Capital Management LLC lifted its position in shares of Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after buying an additional 1,214 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Domino's Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after acquiring an additional 21,705 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Domino's Pizza in the 4th quarter worth about $282,000. Institutional investors own 94.63% of the company's stock.

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.