Domino’s Pizza (NYSE:DPZ – Get Rating) had its target price dropped by analysts at Barclays from $410.00 to $355.00 in a research report issued to clients and investors on Monday, The Fly reports. Barclays‘s target price indicates a potential downside of 6.29% from the stock’s current price.
DPZ has been the subject of a number of other research reports. MKM Partners decreased their target price on Domino’s Pizza from $490.00 to $440.00 and set a “neutral” rating for the company in a report on Wednesday, April 20th. Citigroup upgraded Domino’s Pizza from a “neutral” rating to a “buy” rating and upped their price target for the stock from $480.00 to $487.00 in a report on Monday, April 11th. BMO Capital Markets decreased their price target on Domino’s Pizza from $480.00 to $450.00 and set a “market perform” rating for the company in a report on Wednesday, March 2nd. Loop Capital cut Domino’s Pizza from a “buy” rating to a “hold” rating and set a $413.00 price target for the company. in a report on Wednesday, March 9th. Finally, Guggenheim decreased their price target on Domino’s Pizza from $480.00 to $445.00 and set a “neutral” rating for the company in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus price target of $468.62.
Shares of NYSE:DPZ opened at $378.83 on Monday. Domino’s Pizza has a 1 year low of $376.81 and a 1 year high of $567.57. The stock has a market capitalization of $13.65 billion, a P/E ratio of 27.96, a PEG ratio of 2.22 and a beta of 0.62. The stock has a 50-day simple moving average of $403.93 and a 200-day simple moving average of $463.85.
In other Domino’s Pizza news, EVP Cynthia A. Headen sold 149 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $423.89, for a total value of $63,159.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Cynthia A. Headen sold 137 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the sale, the executive vice president now directly owns 3,362 shares in the company, valued at $1,334,714. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth $251,368,000. Allspring Global Investments Holdings LLC acquired a new stake in Domino’s Pizza in the fourth quarter worth $128,043,000. BlackRock Inc. grew its stake in shares of Domino’s Pizza by 6.5% in the fourth quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator’s stock worth $1,997,609,000 after purchasing an additional 215,128 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $65,268,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $64,220,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Domino’s Pizza Company Profile (Get Rating)
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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