Domino’s Pizza (NASDAQ:DPZ) Earns “Hold” Rating from TD Cowen

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “hold” rating restated by equities research analysts at TD Cowen in a report issued on Monday,Benzinga reports. They presently have a $460.00 price target on the restaurant operator’s stock, down from their previous price target of $500.00. TD Cowen’s price target would indicate a potential upside of 8.16% from the stock’s current price.

DPZ has been the topic of a number of other reports. Cowen cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday. Bank of America increased their target price on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Finally, BTIG Research reissued a “buy” rating and set a $530.00 price objective on shares of Domino’s Pizza in a report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $488.40.

Domino’s Pizza Stock Performance

DPZ opened at $425.28 on Monday. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.00 and a beta of 1.15. The firm’s 50-day simple moving average is $416.68 and its 200-day simple moving average is $436.36. Domino’s Pizza has a twelve month low of $392.89 and a twelve month high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The firm 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 12.16% and a negative return on equity of 14.91%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.19 earnings per share. As a group, sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vident Advisory LLC increased its holdings in Domino’s Pizza by 37.2% in the first quarter. Vident Advisory LLC now owns 774 shares of the restaurant operator’s stock valued at $356,000 after purchasing an additional 210 shares during the last quarter. Amundi increased its stake in shares of Domino’s Pizza by 3.9% in the 1st quarter. Amundi now owns 63,975 shares of the restaurant operator’s stock valued at $29,533,000 after acquiring an additional 2,426 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Domino’s Pizza by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after acquiring an additional 21 shares during the period. UniSuper Management Pty Ltd boosted its stake in Domino’s Pizza by 4.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,060 shares of the restaurant operator’s stock worth $2,325,000 after acquiring an additional 200 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Domino’s Pizza during the first quarter valued at approximately $703,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.