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

Domino’s Pizza, Inc. (NASDAQ:DPZ) has received a consensus rating of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, MarketBeat 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 issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $502.33.

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

Domino’s Pizza Trading Down 0.5 %

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

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza 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 in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. bought a new stake in Domino’s Pizza during the fourth quarter valued at about $25,000. True Wealth Design LLC lifted its position in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $42,000. Hedge funds and other 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.