Mizuho Upgrades Domino’s Pizza (NASDAQ:DPZ) to Strong-Buy

Domino’s Pizza (NASDAQ:DPZ) was upgraded by analysts at Mizuho to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

DPZ has been the subject of several other reports. Royal Bank Of Canada dropped their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Jefferies Financial Group dropped their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Benchmark upped their target price on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Melius initiated coverage on Domino’s Pizza in a report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. Finally, Weiss Ratings cut Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $490.32.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $405.87 on Tuesday. Domino’s Pizza has a one year low of $397.12 and a one year high of $500.55. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.17 and a beta of 1.12. The stock has a 50 day moving average price of $434.46 and a 200 day moving average price of $455.69.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $4.19 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of the business. HighPoint Advisor Group LLC lifted its stake in shares of Domino’s Pizza by 3.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock valued at $332,000 after purchasing an additional 21 shares during the last quarter. AGP Franklin LLC lifted its stake in Domino’s Pizza by 0.4% during the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock worth $2,403,000 after acquiring an additional 21 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Domino’s Pizza by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock worth $1,912,000 after acquiring an additional 21 shares in the last quarter. Compound Planning Inc. lifted its stake in Domino’s Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 22 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Domino’s Pizza by 16.0% during the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds 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.