Domino’s Pizza’s (DPZ) Equal Weight Rating Reiterated at Stephens

Stephens reaffirmed their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report sent to investors on Monday morning,Benzinga reports. Stephens currently has a $420.00 price objective on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. Barclays reduced their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Morgan Stanley cut their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Oppenheimer upped their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $501.41.

Domino’s Pizza Stock Down 1.5 %

Shares of NASDAQ:DPZ opened at $455.64 on Monday. The business’s 50 day moving average is $441.12 and its 200 day moving average is $435.12. The stock has a market cap of $15.73 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.48 EPS. On average, sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently modified their holdings of DPZ. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza during the third quarter worth about $549,399,000. Norges Bank purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $250,571,000. FMR LLC grew its stake in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at approximately $99,352,000. Finally, Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.