Citigroup Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by investment analysts at Citigroup from $460.00 to $420.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target indicates a potential upside of 10.01% from the stock’s current price.

DPZ has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Morgan Stanley reiterated an “equal weight” rating and set a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Bank of America boosted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Guggenheim decreased their price target on shares of Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $478.33.

Domino’s Pizza Stock Performance

DPZ opened at $381.78 on Wednesday. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.81 and a beta of 1.15. The company has a fifty day moving average of $412.61 and a 200 day moving average of $424.81. Domino’s Pizza has a fifty-two week low of $377.19 and a fifty-two week high of $500.55.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Norges Bank acquired a new position in Domino’s Pizza during the 4th quarter valued at about $285,116,000. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after buying an additional 348,077 shares in the last quarter. Two Sigma Investments LP raised its stake in Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after buying an additional 255,060 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in Domino’s Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after acquiring an additional 239,405 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.