Domino’s Pizza (NYSE:DPZ) Upgraded to Buy at Gordon Haskett

Gordon Haskett upgraded shares of Domino’s Pizza (NYSE:DPZGet Rating) from a hold rating to a buy rating in a research report report published on Tuesday, The Fly reports.

Several other equities analysts also recently commented on DPZ. Oppenheimer cut their price target on shares of Domino’s Pizza from $445.00 to $415.00 and set an outperform rating on the stock in a report on Monday, October 3rd. BMO Capital Markets lowered their price target on shares of Domino’s Pizza from $430.00 to $400.00 and set an outperform rating for the company in a research report on Friday, October 14th. Guggenheim decreased their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a neutral rating for the company in a research report on Friday, October 7th. Cowen cut their price target on shares of Domino’s Pizza from $410.00 to $362.00 and set a market perform rating on the stock in a research note on Tuesday, September 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $373.00 to $359.00 and set a hold rating on the stock in a research note on Friday, October 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $398.52.

Domino’s Pizza Stock Up 2.0 %

Shares of DPZ stock opened at $344.19 on Tuesday. The stock has a market cap of $12.18 billion, a P/E ratio of 27.85, a PEG ratio of 1.90 and a beta of 0.75. Domino’s Pizza has a 52 week low of $299.41 and a 52 week high of $474.92. The company’s fifty day simple moving average is $360.55 and its two-hundred day simple moving average is $362.89.

Insider Activity

In other Domino’s Pizza news, Director Patricia E. Lopez sold 244 shares of the firm’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $351.93, for a total value of $85,870.92. Following the completion of the sale, the director now directly owns 1,519 shares in the company, valued at $534,581.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Patricia E. Lopez sold 244 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $351.93, for a total transaction of $85,870.92. Following the completion of the sale, the director now owns 1,519 shares of the company’s stock, valued at approximately $534,581.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James A. Goldman sold 399 shares of Domino’s Pizza stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $330.00, for a total transaction of $131,670.00. Following the transaction, the director now owns 6,123 shares in the company, valued at approximately $2,020,590. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,902,745 shares of the restaurant operator’s stock worth $1,210,631,000 after buying an additional 25,200 shares during the last quarter. FMR LLC grew its position in shares of Domino’s Pizza by 15.2% in the second quarter. FMR LLC now owns 2,414,976 shares of the restaurant operator’s stock valued at $941,140,000 after purchasing an additional 319,545 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 5.1% in the second quarter. Principal Financial Group Inc. now owns 1,399,631 shares of the restaurant operator’s stock worth $545,450,000 after buying an additional 67,291 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Domino’s Pizza by 8.9% in the first quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after buying an additional 84,947 shares in the last quarter. Finally, Marshfield Associates raised its stake in Domino’s Pizza by 14.0% during the third quarter. Marshfield Associates now owns 471,641 shares of the restaurant operator’s stock worth $146,303,000 after purchasing an additional 57,911 shares during the period. Hedge funds and other institutional investors own 90.32% of the company’s stock.

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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Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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