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

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They presently have a $500.00 target price on the restaurant operator’s stock. Royal Bank of Canada’s target price indicates a potential upside of 7.71% from the company’s current price.

Other research analysts also recently issued research reports about the company. TD Securities reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Finally, Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Trading Up 1.0 %

Shares of NASDAQ:DPZ traded up $4.77 during midday trading on Tuesday, hitting $464.22. 135,350 shares of the stock were exchanged, compared to its average volume of 619,752. The stock has a market cap of $15.92 billion, a P/E ratio of 28.47, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a 50 day moving average price of $460.10 and a 200-day moving average price of $442.03.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 business 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%. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.48 EPS. On average, equities research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current year.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock worth $3,762,052. Insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

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.