Domino’s Pizza’s (DPZ) Equal Weight Rating Reiterated at Morgan Stanley

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $455.00 price target on the restaurant operator’s stock, down from their prior price target of $535.00. Morgan Stanley’s price target suggests a potential upside of 13.67% from the company’s current price.

A number of other brokerages also recently issued reports on DPZ. Evercore ISI lowered their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Stifel Nicolaus decreased their target price on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. BTIG Research reissued a “buy” rating and set a $530.00 price objective on shares of Domino’s Pizza in a report on Friday, November 14th. Finally, Barclays lowered 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $482.78.

Domino’s Pizza Trading Down 2.2%

DPZ stock opened at $400.28 on Tuesday. The stock’s 50 day simple moving average is $417.02 and its 200 day simple moving average is $432.80. Domino’s Pizza has a 12-month low of $392.89 and a 12-month high of $500.55. The stock has a market capitalization of $13.53 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the company’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 completion of the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently modified their holdings of the business. Swedbank AB increased its position in Domino’s Pizza by 22.5% in the second quarter. Swedbank AB now owns 3,974 shares of the restaurant operator’s stock worth $1,791,000 after buying an additional 730 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Domino’s Pizza by 7.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 6,707 shares of the restaurant operator’s stock worth $3,022,000 after acquiring an additional 463 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Domino’s Pizza by 108.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 11,080 shares of the restaurant operator’s stock worth $4,993,000 after acquiring an additional 5,770 shares in the last quarter. CX Institutional raised its stake in Domino’s Pizza by 6.7% during the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 24 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Domino’s Pizza by 4.7% during the second quarter. Farther Finance Advisors LLC now owns 1,229 shares of the restaurant operator’s stock valued at $554,000 after purchasing an additional 55 shares in 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.