TD Cowen Reiterates Buy Rating for Domino's Pizza (NYSE:DPZ)

Domino's Pizza (NYSE:DPZ - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at TD Cowen in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $550.00 price objective on the restaurant operator's stock. TD Cowen's target price indicates a potential upside of 4.34% from the stock's current price.

Other analysts also recently issued reports about the stock. BMO Capital Markets increased their price target on shares of Domino's Pizza from $475.00 to $535.00 and gave the company an "outperform" rating in a report on Tuesday, February 27th. Piper Sandler increased their target price on shares of Domino's Pizza from $400.00 to $435.00 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. Jefferies Financial Group boosted their price target on Domino's Pizza from $455.00 to $480.00 and gave the company a "hold" rating in a research note on Tuesday, April 16th. Stifel Nicolaus raised their price objective on Domino's Pizza from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Finally, Citigroup lifted their price objective on Domino's Pizza from $458.00 to $505.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $469.67.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $28.05 on Monday, reaching $527.12. The stock had a trading volume of 1,903,306 shares, compared to its average volume of 586,728. The business's 50-day moving average price is $469.22 and its two-hundred day moving average price is $420.72. The stock has a market cap of $18.36 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. Domino's Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $539.99.

Domino's Pizza (NYSE:DPZ - Get Free Report) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino's Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.43 EPS. As a group, equities analysts forecast that Domino's Pizza will post 15.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Domino's Pizza by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator's stock worth $1,597,686,000 after purchasing an additional 18,397 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Domino's Pizza by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator's stock worth $645,549,000 after purchasing an additional 68,317 shares in the last quarter. FMR LLC raised its stake in shares of Domino's Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator's stock valued at $541,202,000 after purchasing an additional 197,413 shares during the period. Coatue Management LLC bought a new stake in shares of Domino's Pizza in the fourth quarter valued at about $322,859,000. Finally, Norges Bank bought a new stake in shares of Domino's Pizza in the fourth quarter valued at about $208,604,000. 94.63% of the stock is currently owned by institutional investors.

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.