Domino’s Pizza (NASDAQ:DPZ) Hits New 52-Week Low Following Analyst Downgrade

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price hit a new 52-week low during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $460.00 to $420.00. Citigroup currently has a neutral rating on the stock. Domino’s Pizza traded as low as $380.46 and last traded at $378.8490, with a volume of 114454 shares. The stock had previously closed at $389.73.

Several other equities research analysts have also recently commented on DPZ. Sanford C. Bernstein restated a “market perform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Wells Fargo & Company lowered their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. BTIG Research reiterated a “buy” rating and issued a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Finally, Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $478.33.

Insiders Place Their Bets

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 transaction of $2,113,872.20. Following 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 document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd grew its stake in shares of Domino’s Pizza by 209.6% in the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 2,813 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after buying an additional 30,647 shares during the period. Machina Capital S.A.S. bought a new position in shares of Domino’s Pizza during the third quarter worth about $1,557,000. Berkshire Hathaway Inc lifted its stake in shares of Domino’s Pizza by 0.5% in the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after acquiring an additional 13,255 shares during the period. Finally, Railway Pension Investments Ltd boosted its holdings in Domino’s Pizza by 304.2% in the third quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after acquiring an additional 7,300 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

The firm has a market capitalization of $12.97 billion, a P/E ratio of 22.44, a PEG ratio of 1.84 and a beta of 1.15. The company has a fifty day moving average of $413.51 and a 200 day moving average of $425.11.

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.