Domino’s Pizza (NASDAQ:DPZ) Raised to “Hold” at Barclays

Domino’s Pizza (NASDAQ:DPZ) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. Evercore reaffirmed an “outperform” rating and set a $510.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 24th. UBS Group set a $500.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a research report on Friday, February 13th. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 23rd. Argus raised shares of Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Finally, TD Cowen reiterated a “hold” rating and issued a $460.00 target price on shares of Domino’s Pizza in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $474.64.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $358.79 on Tuesday. The business’s 50-day moving average is $391.37 and its two-hundred day moving average is $408.38. The company has a market capitalization of $12.07 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.52 and a beta of 1.16. Domino’s Pizza has a fifty-two week low of $346.31 and a fifty-two week high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.89 EPS. Analysts forecast that Domino’s Pizza will post 16.74 EPS for the current year.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its position in shares of Domino’s Pizza by 2.0% in the second quarter. M&T Bank Corp now owns 4,247 shares of the restaurant operator’s stock valued at $1,914,000 after buying an additional 85 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $363,000. PharVision Advisers LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $223,000. Invesco Ltd. lifted its position in shares of Domino’s Pizza by 3.9% during the 2nd quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator’s stock valued at $379,061,000 after buying an additional 31,578 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Domino’s Pizza by 278.8% in the 2nd quarter. First Trust Advisors LP now owns 57,962 shares of the restaurant operator’s stock valued at $26,118,000 after acquiring an additional 42,660 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.