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

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Monday,Benzinga reports. They currently have a $550.00 price target on the restaurant operator’s stock. Royal Bank Of Canada’s target price points to a potential upside of 18.18% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, April 28th. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, April 22nd. Morgan Stanley increased their target price on shares of Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Loop Capital increased their target price on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $445.00 to $465.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $487.84.

Domino’s Pizza Trading Down 1.6%

Shares of NASDAQ DPZ opened at $465.39 on Monday. The stock has a 50 day simple moving average of $466.79 and a 200-day simple moving average of $459.56. The company has a market cap of $15.93 billion, a PE ratio of 26.69, a P/E/G ratio of 2.69 and a beta of 1.09. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The company 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 company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.58 EPS. Sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the business. Berkshire Hathaway Inc increased its holdings in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Norges Bank acquired a new position in shares of Domino’s Pizza during the 4th quarter valued at about $250,571,000. GAMMA Investing LLC boosted its position 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 valued at $119,480,000 after acquiring 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 valued at about $110,348,000. Finally, Invesco Ltd. boosted its position 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 acquiring an additional 200,622 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.