Domino’s Pizza (NYSE:DPZ) Earns “Hold” Rating from Loop Capital

Domino’s Pizza (NYSE:DPZ)‘s stock had its “hold” rating reiterated by equities researchers at Loop Capital in a report issued on Friday, Benzinga reports. They currently have a $419.00 target price on the restaurant operator’s stock. Loop Capital’s price target suggests a potential upside of 1.11% from the stock’s current price.

A number of other brokerages have also recently commented on DPZ. Deutsche Bank Aktiengesellschaft decreased their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Stephens reduced their target price on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group began coverage on Domino’s Pizza in a research note on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. Benchmark reduced their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets reduced their target price on Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.93.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $414.42 on Friday. The business’s 50 day simple moving average is $425.01 and its two-hundred day simple moving average is $472.53. The stock has a market capitalization of $14.45 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. Sell-side analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the first quarter worth approximately $36,000. Versant Capital Management Inc grew its position in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC raised its stake in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at $62,000. 94.63% of the stock is owned by 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.