Domino’s Pizza (NASDAQ:DPZ) Now Covered by Analysts at Redburn Atlantic

Equities research analysts at Redburn Atlantic initiated coverage on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “sell” rating and a $340.00 price target on the restaurant operator’s stock. Redburn Atlantic’s target price suggests a potential downside of 27.34% from the stock’s previous close.

A number of other brokerages also recently weighed in on DPZ. TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, April 28th. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a research report on Tuesday, April 29th. Loop Capital increased their target price on shares of Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Guggenheim restated a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. Finally, BTIG Research set a $530.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $492.16.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $467.95 on Tuesday. The firm’s 50 day moving average price is $473.46 and its two-hundred day moving average price is $458.90. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.47 and a beta of 1.11. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 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 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 earnings per share. On average, research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently made changes to their positions in the company. HighPoint Advisor Group LLC grew its position in Domino’s Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock worth $332,000 after acquiring an additional 21 shares during the last quarter. AGP Franklin LLC raised its holdings in shares of Domino’s Pizza by 0.4% in the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock valued at $2,403,000 after buying an additional 21 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Domino’s Pizza by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after buying an additional 21 shares during the last quarter. Compound Planning Inc. lifted its position in Domino’s Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after buying an additional 22 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 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.