Domino's Pizza's (DPZ) "Buy" Rating Reaffirmed at BTIG Research

Key Points

• BTIG Research has reaffirmed a “buy” rating for Domino's Pizza (DPZ) with a target price of $530.00, suggesting a potential upside of nearly 25% from its current price.
• Domino's reported earnings of $4.08 per share for the last quarter, beating estimates and showing a 6.2% increase in revenue year-over-year.
• The stock is currently rated as a “Moderate Buy” with a consensus price target of $492.54, based on evaluations from multiple analysts.

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at BTIG Research in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $530.00 target price on the restaurant operator's stock. BTIG Research's price objective would suggest a potential upside of 24.93% from the company's current price.

Several other analysts also recently weighed in on the company. Melius initiated coverage on Domino's Pizza in a research report on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Domino's Pizza in a report on Wednesday, October 8th. Loop Capital upped their target price on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Guggenheim upped their target price on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Finally, Jefferies Financial Group lowered their target price on Domino's Pizza from $490.00 to $455.00 and set a "hold" rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $492.54.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $424.23 on Wednesday. The stock has a fifty day moving average price of $440.76 and a 200-day moving average price of $458.37. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.24 and a beta of 1.12. Domino's Pizza has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.12. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.19 earnings per share. Research analysts predict that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

Institutional Trading of Domino's Pizza

Institutional investors and hedge funds have recently modified their holdings of the business. Praxis Investment Management Inc. purchased a new stake in Domino's Pizza in the first quarter worth $414,000. Sowell Financial Services LLC purchased a new stake in Domino's Pizza during the 1st quarter worth about $282,000. Cornerstone Wealth Group LLC lifted its holdings in Domino's Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after purchasing an additional 5,939 shares in the last quarter. Value Partners Investments Inc. lifted its holdings in Domino's Pizza by 317.4% during the 1st quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator's stock worth $3,401,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Domino's Pizza by 2.9% during the 1st quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator's stock worth $1,056,000 after purchasing an additional 64 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Company Profile

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.

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