Domino’s Pizza Inc (NASDAQ:DPZ) Receives Consensus Recommendation of “Hold” from Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has been given an average recommendation of “Hold” by the twenty-eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $480.5556.

DPZ has been the subject of a number of research analyst reports. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Piper Sandler reissued a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $455.00 price target (down previously from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Bank of America raised their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Guggenheim lowered 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 report on Wednesday.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s 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 directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DPZ. Vanguard Group Inc. grew its position in shares of Domino’s Pizza by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock valued at $1,823,590,000 after purchasing an additional 36,288 shares during the period. Berkshire Hathaway Inc raised its stake in Domino’s Pizza by 13.2% in 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 purchasing an additional 348,077 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after purchasing an additional 30,647 shares in the last quarter. Invesco Ltd. boosted its stake in Domino’s Pizza by 9.3% during the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after purchasing an additional 78,594 shares during the last quarter. Finally, Marshfield Associates grew its holdings in shares of Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after buying an additional 28,765 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 2.1%

DPZ opened at $405.37 on Thursday. The company has a market cap of $13.70 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.15. The firm’s 50-day moving average price is $416.96 and its 200-day moving average price is $430.27. Domino’s Pizza has a 52-week low of $382.47 and a 52-week high of $500.55.

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.