Royal Bank of Canada Reaffirms Outperform Rating for Domino’s Pizza (NASDAQ:DPZ)

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $500.00 target price on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 5.87% from the company’s previous close.

Several other research firms have also issued reports on DPZ. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Barclays reduced their price target on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $505.67.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $3.07 during trading on Thursday, reaching $472.28. 74,876 shares of the stock were exchanged, compared to its average volume of 550,676. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm’s 50-day moving average price is $440.65 and its 200 day moving average price is $434.42. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90.

Institutional Trading of Domino’s Pizza

Large investors have recently modified their holdings of the company. KG&L Capital Management LLC boosted its holdings in shares of Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares during the period. Greenleaf Trust raised its stake in Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 26 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after buying an additional 28 shares during the period. 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.