Domino’s Pizza (NYSE:DPZ) Given Outperform Rating at Oppenheimer

Domino’s Pizza (NYSE:DPZ)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer in a research note issued to investors on Friday, Benzinga reports. They currently have a $490.00 price objective on the restaurant operator’s stock. Oppenheimer’s price target indicates a potential upside of 14.04% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays reduced their target price on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird reduced their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Piper Sandler reduced their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Finally, Evercore ISI reduced their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $489.55.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $429.67 on Friday. The firm’s 50 day moving average price is $421.63 and its 200-day moving average price is $469.47. Domino’s Pizza has a one year low of $332.13 and a one year high of $542.75. The firm has a market cap of $15.03 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.18 EPS. As a group, research analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

A number of large investors have recently modified their holdings of DPZ. Quarry LP raised its stake in shares of Domino’s Pizza by 130.2% during the 4th quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock worth $82,000 after buying an additional 112 shares in the last quarter. American Trust purchased a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $257,000. Goldman Sachs Group Inc. raised its stake in shares of Domino’s Pizza by 13.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 303,916 shares of the restaurant operator’s stock worth $125,283,000 after buying an additional 35,179 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Domino’s Pizza by 0.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 13,442 shares of the restaurant operator’s stock worth $5,541,000 after buying an additional 125 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $556,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.