TD Cowen Forecasts Strong Price Appreciation for Domino’s Pizza (NYSE:DPZ) Stock

Domino’s Pizza (NYSE:DPZ) had its price target boosted by equities researchers at TD Cowen from $475.00 to $515.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 8.91% from the company’s current price.

A number of other research firms have also recently commented on DPZ. BMO Capital Markets decreased their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Morgan Stanley cut their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Benchmark reissued a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Wedbush reissued an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $472.86 on Monday. The stock has a 50-day moving average of $428.20 and a two-hundred day moving average of $454.75. Domino’s Pizza has a one year low of $370.17 and a one year high of $542.75. The stock has a market cap of $16.33 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business posted $4.18 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Domino’s Pizza will post 16.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Domino’s Pizza in the third quarter valued at $549,399,000. Marshfield Associates grew its stake in shares of Domino’s Pizza by 0.3% in the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after buying an additional 2,271 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after buying an additional 522,490 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.