Domino’s Pizza (NYSE:DPZ) Rating Increased to Buy at Northcoast Research

Domino’s Pizza (NYSE:DPZGet Rating) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $460.00 price target on the restaurant operator’s stock. Northcoast Research’s price objective points to a potential upside of 25.04% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Oppenheimer decreased their price objective on shares of Domino’s Pizza from $445.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, October 3rd. Evercore ISI decreased their price objective on shares of Domino’s Pizza to $450.00 in a research report on Thursday, October 13th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $426.00 to $373.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 11th. StockNews.com assumed coverage on shares of Domino’s Pizza in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, October 14th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $408.38.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $367.89 on Friday. The firm has a 50-day moving average of $334.50 and a two-hundred day moving average of $364.37. The stock has a market cap of $13.02 billion, a P/E ratio of 29.76, a PEG ratio of 2.42 and a beta of 0.69. Domino’s Pizza has a 1-year low of $299.41 and a 1-year high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last posted its quarterly earnings data on Thursday, October 13th. The restaurant operator reported $2.79 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.19). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Domino’s Pizza had a net margin of 10.02% and a negative return on equity of 10.64%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.24 earnings per share. As a group, equities analysts expect that Domino’s Pizza will post 12.02 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In related news, Director James A. Goldman sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $330.00, for a total transaction of $131,670.00. Following the transaction, the director now owns 6,123 shares in the company, valued at $2,020,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors increased its stake in shares of Domino’s Pizza by 14.7% during the third quarter. Captrust Financial Advisors now owns 1,396 shares of the restaurant operator’s stock valued at $433,000 after acquiring an additional 179 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Domino’s Pizza by 4.5% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,286 shares of the restaurant operator’s stock valued at $399,000 after acquiring an additional 55 shares during the period. Kentucky Retirement Systems increased its stake in shares of Domino’s Pizza by 5.0% during the third quarter. Kentucky Retirement Systems now owns 2,809 shares of the restaurant operator’s stock valued at $871,000 after acquiring an additional 134 shares during the period. Alpha Paradigm Partners LLC acquired a new position in shares of Domino’s Pizza during the third quarter valued at approximately $339,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Domino’s Pizza by 0.8% during the third quarter. CIBC Private Wealth Group LLC now owns 40,760 shares of the restaurant operator’s stock valued at $12,644,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 96.44% of the company’s stock.

Domino’s Pizza Company Profile

(Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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