Weiss Ratings Reaffirms "Buy (B-)" Rating for Domino's Pizza (NASDAQ:DPZ)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Domino's Pizza, which indicates continued confidence in the stock's performance.
• Analyst target prices for Domino's Pizza vary, with UBS and Benchmark both issuing a $540.00 target, while Citigroup has lowered its target to $480.00.
• Domino's reported earnings of $3.81 per share for the last quarter, missing estimates by $0.12, but revenue increased by 4.3% year-over-year.

Domino's Pizza (NASDAQ:DPZ - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently commented on the company. UBS Group reissued a "buy" rating and issued a $540.00 target price on shares of Domino's Pizza in a report on Tuesday, July 22nd. Benchmark boosted their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Citigroup reduced their target price on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Redburn Atlantic began coverage on Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price on the stock. Finally, Barclays reduced their target price on Domino's Pizza from $425.00 to $405.00 and set an "underweight" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $491.32.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $2.07 during trading on Wednesday, reaching $413.50. 557,183 shares of the company traded hands, compared to its average volume of 681,435. The stock's 50 day moving average price is $444.76 and its two-hundred day moving average price is $459.82. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.25 and a beta of 1.12. Domino's Pizza has a 1-year low of $397.12 and a 1-year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.03 earnings per share. Equities research analysts expect that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Domino's Pizza by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator's stock valued at $1,823,590,000 after buying an additional 36,288 shares in the last quarter. Berkshire Hathaway Inc boosted its stake in Domino's Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator's stock worth $1,186,821,000 after purchasing an additional 13,255 shares during the period. Principal Financial Group Inc. boosted its stake in Domino's Pizza by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares during the period. Invesco Ltd. boosted its stake in Domino's Pizza by 3.9% in the 2nd quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator's stock worth $379,061,000 after purchasing an additional 31,578 shares during the period. Finally, Bank of America Corp DE boosted its stake in Domino's Pizza by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator's stock worth $252,362,000 after purchasing an additional 46,098 shares during the period. 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.

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