Domino’s Pizza (NASDAQ:DPZ) Given “Buy” Rating at Benchmark

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $520.00 price objective on the restaurant operator’s stock. Benchmark’s price target points to a potential upside of 14.17% from the company’s current price.

A number of other analysts have also recently commented on the company. Barclays lifted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday. Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday. Finally, Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.00.

Domino’s Pizza Stock Performance

NASDAQ DPZ traded down $0.19 during trading hours on Tuesday, reaching $455.45. The company’s stock had a trading volume of 68,547 shares, compared to its average volume of 589,151. The stock has a market cap of $15.73 billion, a PE ratio of 27.95, a PEG ratio of 2.47 and a beta of 0.90. The company’s 50-day moving average is $441.12 and its two-hundred day moving average is $435.12. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 63 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Domino’s Pizza by 12.7% during the third quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator’s stock valued at $1,080,000 after acquiring an additional 283 shares during the period. Forsta AP Fonden lifted its position in Domino’s Pizza by 9.5% in the third quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator’s stock worth $4,473,000 after purchasing an additional 900 shares during the period. Baker Tilly Wealth Management LLC boosted its stake in Domino’s Pizza by 24.1% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 773 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 150 shares in the last quarter. Finally, abrdn plc boosted its stake in Domino’s Pizza by 0.9% during the 3rd quarter. abrdn plc now owns 13,432 shares of the restaurant operator’s stock valued at $5,841,000 after purchasing an additional 119 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.