Domino’s Pizza (NASDAQ:DPZ) Given Outperform Rating at Royal Bank of Canada

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They currently have a $500.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 8.14% from the stock’s previous close.

DPZ has been the subject of a number of other reports. Morgan Stanley cut their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Cowen lifted their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 25th. Citigroup lifted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Oppenheimer raised their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $505.67.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $462.37 on Thursday. The stock has a market cap of $15.97 billion, a PE ratio of 28.40, a PEG ratio of 2.49 and a beta of 0.90. The business has a fifty day moving average of $440.97 and a two-hundred day moving average of $434.91. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza in the 3rd quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC lifted its stake in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares in the last quarter. Empowered Funds LLC lifted its stake in Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after acquiring an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after acquiring an additional 2,201 shares in the last quarter. Finally, Commerce Bank lifted its stake in Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after acquiring an additional 1,404 shares in the last quarter. Institutional investors 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.