Domino's Pizza's (DPZ) Buy Rating Reiterated at TD Cowen

Key Points

• TD Cowen has reiterated a buy rating for Domino's Pizza (DPZ) with a target price of $510.00, indicating a potential upside of 24.92% from its current trading price.
• Domino's recently reported earnings of $4.08 per share, surpassing analysts' expectations of $3.96, despite a slight year-over-year decline from $4.19 per share.
• Research analysts have varied ratings for Domino's, with one Strong Buy, thirteen Buy, ten Hold, and two Sell ratings, leading to a consensus rating of Moderate Buy and an average target price of $492.54.

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at TD Cowen in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $510.00 target price on the restaurant operator's stock. TD Cowen's price objective would indicate a potential upside of 24.92% from the company's current price.

A number of other research firms have also recently issued reports on DPZ. Sanford C. Bernstein boosted their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company cut their target price on shares of Domino's Pizza from $490.00 to $450.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 8th. Loop Capital lifted their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Guggenheim lifted their target price on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, Melius started coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They set a "hold" rating and a $500.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $492.54.

Domino's Pizza Trading Up 0.5%

DPZ stock opened at $408.26 on Tuesday. The firm's 50-day moving average price is $441.21 and its two-hundred day moving average price is $458.61. Domino's Pizza has a 12-month low of $397.12 and a 12-month high of $500.55. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.22 and a beta of 1.12.

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

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were 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 of the company's stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its holdings in Domino's Pizza by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock worth $332,000 after buying an additional 21 shares during the last quarter. AGP Franklin LLC raised its holdings in Domino's Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock worth $2,403,000 after buying an additional 21 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Domino's Pizza by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator's stock worth $1,912,000 after buying an additional 21 shares during the last quarter. Compound Planning Inc. raised its holdings in Domino's Pizza by 4.1% in the first quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock worth $258,000 after buying an additional 22 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Domino's Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after buying an additional 24 shares during 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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