Robert W. Baird Reaffirms Their Buy Rating on Domino’s Pizza (DPZ)

By Ryan Adsit

In a report issued on August 30, David Tarantino from Robert W. Baird maintained a Buy rating on Domino’s Pizza (DPZResearch Report). The company’s shares closed last Tuesday at $480.05.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 14.4% and a 71.7% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Domino’s Pizza has an analyst consensus of Moderate Buy, with a price target consensus of $546.11, a 13.4% upside from current levels. In a report issued on August 17, Cowen & Co. also maintained a Buy rating on the stock with a $575.00 price target.

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The company has a one-year high of $548.72 and a one-year low of $319.71. Currently, Domino’s Pizza has an average volume of 460.8K.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year. Most recently, in August 2021, Russell Weiner, the COO & President, Domino’s U.S. of DPZ sold 54,130 shares for a total of $29,105,959.

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Domino’s Pizza, Inc. is a pizza company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. It operates though the following three segments: U.S. Stores, International Franchise and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises of a network of franchised stores. The Supply Chain segment operates regional dough manufacturing and food supply chain centers. The company was founded by James Monaghan and Thomas Stephen Monaghan in 1960 and is headquartered in Ann Arbor, MI.