Domino’s Pizza (DPZ) Stock Rating Upgraded by ValuEngine

Domino’s Pizza (NYSE:DPZ) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

Several other equities analysts have also recently issued reports on DPZ. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 target price on the stock in a research note on Monday, January 14th. Stephens boosted their target price on Domino’s Pizza from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Citigroup boosted their target price on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a research note on Wednesday. TheStreet cut Domino’s Pizza from a “b” rating to a “c+” rating in a research note on Monday. Finally, Maxim Group reissued a “buy” rating and set a $315.00 target price (up from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $297.16.

DPZ opened at $282.16 on Wednesday. Domino’s Pizza has a 52-week low of $231.28 and a 52-week high of $305.34. The company has a market cap of $11.59 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The firm had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. During the same period in the previous year, the firm earned $2.00 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domino’s Pizza will post 9.32 EPS for the current fiscal year.

In related news, CFO Jeffrey D. Lawrence sold 4,000 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $255.00, for a total transaction of $1,020,000.00. Following the completion of the transaction, the chief financial officer now directly owns 3,494 shares of the company’s stock, valued at $890,970. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James A. Goldman sold 1,190 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $247.24, for a total value of $294,215.60. Following the transaction, the director now directly owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. boosted its stake in Domino’s Pizza by 19.2% during the first quarter. CIBC World Markets Inc. now owns 1,596 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 257 shares during the last quarter. Advisor Group Inc. boosted its stake in Domino’s Pizza by 3.6% during the first quarter. Advisor Group Inc. now owns 2,280 shares of the restaurant operator’s stock valued at $589,000 after buying an additional 80 shares during the last quarter. California State Teachers Retirement System boosted its stake in Domino’s Pizza by 0.4% during the first quarter. California State Teachers Retirement System now owns 68,885 shares of the restaurant operator’s stock valued at $17,779,000 after buying an additional 292 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Domino’s Pizza by 6.4% during the first quarter. Acadian Asset Management LLC now owns 15,173 shares of the restaurant operator’s stock valued at $3,916,000 after buying an additional 911 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Domino’s Pizza by 16.6% during the first quarter. Great West Life Assurance Co. Can now owns 45,759 shares of the restaurant operator’s stock valued at $11,797,000 after buying an additional 6,528 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in 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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