Barclays Has Lowered Expectations for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its price objective reduced by research analysts at Barclays from $412.00 to $402.00 in a report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s target price would suggest a potential downside of 10.13% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Oppenheimer increased their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Citigroup lowered their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Stephens decreased their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $502.33.

Domino’s Pizza Stock Down 0.1 %

NASDAQ:DPZ opened at $447.30 on Friday. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The stock’s 50-day moving average price is $439.89 and its 200-day moving average price is $432.68. The stock has a market capitalization of $15.45 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC raised its stake in Domino’s Pizza by 2,033.3% in 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza during the third quarter worth approximately $43,000. Blue Trust Inc. boosted its holdings in Domino’s Pizza by 100.0% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. 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.