TD Cowen Forecasts Strong Price Appreciation for Domino’s Pizza (NYSE:DPZ) Stock

Domino’s Pizza (NYSE:DPZ) had its target price boosted by research analysts at TD Cowen from $475.00 to $515.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price target suggests a potential upside of 13.60% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI reduced their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Stephens reduced their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Citigroup lowered their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Piper Sandler decreased their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Trading Up 1.7 %

Shares of Domino’s Pizza stock opened at $453.35 on Monday. Domino’s Pizza has a twelve month low of $367.24 and a twelve month high of $542.75. The firm’s 50-day moving average price is $427.00 and its 200 day moving average price is $455.08. The firm has a market capitalization of $15.65 billion, a PE ratio of 27.85, a P/E/G ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly 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. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $4.18 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that Domino’s Pizza will post 16.86 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its position in shares of Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after acquiring an additional 44,688 shares during the period. Commerce Bank lifted its stake in shares of Domino’s Pizza by 17.7% during the third 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 during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Domino’s Pizza by 130.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 1,350 shares during the period. Cetera Investment Advisers raised its position in shares of Domino’s Pizza by 422.7% during the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock valued at $3,836,000 after acquiring an additional 6,244 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Domino’s Pizza by 124.5% during the first quarter. Janus Henderson Group PLC now owns 11,184 shares of the restaurant operator’s stock worth $5,555,000 after buying an additional 6,202 shares during the last quarter. Institutional investors and hedge funds 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.