Domino’s Pizza (NYSE:DPZ) Price Target Cut to $429.00

Domino’s Pizza (NYSE:DPZ – Get Rating) had its price objective cut by Citigroup from $441.00 to $429.00 in a research report issued on Thursday, The Fly reports. Citigroup’s price target points to a potential upside of 23.26% from the company’s previous close.

A number of other research analysts also recently issued reports on DPZ. StockNews.com began coverage on shares of Domino’s Pizza in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley upgraded shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and set a $430.00 price target for the company in a report on Tuesday. Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI dropped their price target on shares of Domino’s Pizza to $450.00 in a research report on Thursday, October 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Domino’s Pizza from $432.00 to $373.00 and set a “neutral” rating on the stock in a research note on Friday, October 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and an average target price of $395.24.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $348.04 on Thursday. The firm has a 50 day simple moving average of $360.16 and a 200-day simple moving average of $362.29. The firm has a market cap of $12.32 billion, a PE ratio of 28.16, a P/E/G ratio of 1.90 and a beta of 0.75. Domino’s Pizza has a 1-year low of $299.41 and a 1-year high of $463.72.

Insider Activity at Domino’s Pizza

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

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Domino’s Pizza by 15.2% during the second quarter. FMR LLC now owns 2,414,976 shares of the restaurant operator’s stock worth $941,140,000 after purchasing an additional 319,545 shares in the last quarter. Samlyn Capital LLC purchased a new stake in Domino’s Pizza in the third quarter valued at $93,936,000. Voya Investment Management LLC boosted its holdings in Domino’s Pizza by 572.7% in the second quarter. Voya Investment Management LLC now owns 271,808 shares of the restaurant operator’s stock valued at $105,926,000 after purchasing an additional 231,402 shares during the last quarter. Candlestick Capital Management LP purchased a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $64,273,000. Finally, Fred Alger Management LLC boosted its stake in shares of Domino’s Pizza by 141.7% during the 3rd quarter. Fred Alger Management LLC now owns 198,020 shares of the restaurant operator’s stock worth $61,426,000 after acquiring an additional 116,100 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

About Domino’s Pizza

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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.