Domino’s Pizza (NASDAQ:DPZ) Given Equal Weight Rating at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $455.00 target price on the restaurant operator’s stock, down from their previous target price of $535.00.

Several other research analysts also recently commented on DPZ. Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. BTIG Research reissued a “buy” rating and issued a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Barclays decreased their price objective on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company cut their target price on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $482.78.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $387.64 on Tuesday. The business has a 50-day moving average of $416.59 and a 200 day moving average of $432.32. Domino’s Pizza has a 1-year low of $382.47 and a 1-year high of $500.55. The stock has a market capitalization of $13.10 billion, a PE ratio of 22.66, a P/E/G ratio of 1.88 and a beta of 1.15.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently made changes to their positions in the business. RMG Wealth Management LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth approximately $25,000. Signature Resources Capital Management LLC purchased a new position in Domino’s Pizza during the second quarter valued at $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza in the second quarter worth $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Domino’s Pizza in the second quarter worth $34,000. Finally, Johnson Financial Group Inc. grew its stake in shares of Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.