Domino's Pizza (NASDAQ:DPZ) Earns Outperform Rating from Royal Bank Of Canada

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Monday,Benzinga reports. They currently have a $550.00 price objective on the restaurant operator's stock. Royal Bank Of Canada's price objective suggests a potential upside of 16.29% from the stock's previous close.

A number of other analysts have also issued reports on the company. Morgan Stanley lifted their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research report on Thursday. Robert W. Baird raised their price target on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Melius began coverage on Domino's Pizza in a report on Monday. They issued a "hold" rating and a $500.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Redburn Atlantic initiated coverage on Domino's Pizza in a research report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $487.84.

Domino's Pizza Stock Performance

Domino's Pizza stock traded up $8.46 during midday trading on Monday, reaching $472.94. The stock had a trading volume of 627,412 shares, compared to its average volume of 625,331. The stock has a market capitalization of $16.19 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $500.55. The stock's 50-day simple moving average is $467.18 and its 200 day simple moving average is $459.22.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 EPS. Equities analysts predict that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Institutional Trading of Domino's Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc lifted its holdings in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. Norges Bank bought a new stake in Domino's Pizza in the fourth quarter worth approximately $250,571,000. GAMMA Investing LLC increased its stake in shares of Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after purchasing an additional 259,566 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of Domino's Pizza during the 1st quarter worth $110,348,000. Finally, Invesco Ltd. raised its holdings in shares of Domino's Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.