Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $502.33.

A number of equities analysts have recently commented on DPZ shares. TD Cowen raised their target price on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Morgan Stanley lowered their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Oppenheimer boosted their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays decreased their price target on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th.

Domino’s Pizza Trading Down 0.5 %

Shares of NASDAQ:DPZ opened at $471.47 on Thursday. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.46 and a beta of 0.90. The stock’s 50-day moving average price is $438.82 and its two-hundred day moving average price is $432.71. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza during the 3rd quarter worth approximately $43,000. Exchange Traded Concepts LLC raised its stake in shares of Domino’s Pizza by 7,821.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,505 shares of the restaurant operator’s stock valued at $647,000 after acquiring an additional 1,486 shares during the last quarter. EdgeRock Capital LLC lifted its holdings in shares of Domino’s Pizza by 6.6% during the third quarter. EdgeRock Capital LLC now owns 1,395 shares of the restaurant operator’s stock worth $600,000 after purchasing an additional 86 shares during the period. CFM Wealth Partners LLC bought a new stake in shares of Domino’s Pizza in the third quarter worth $187,000. Finally, Vontobel Holding Ltd. grew its stake in shares of Domino’s Pizza by 0.5% in the third quarter. Vontobel Holding Ltd. now owns 7,593 shares of the restaurant operator’s stock worth $3,266,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.