Morgan Stanley Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $496.00

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by analysts at Morgan Stanley from $510.00 to $496.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s price target would indicate a potential upside of 16.06% from the stock’s previous close.

DPZ has been the subject of several other reports. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Evercore ISI dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Piper Sandler lowered their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Royal Bank of Canada decreased their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Oppenheimer upped their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $502.70.

Domino’s Pizza Trading Up 2.0 %

NASDAQ:DPZ opened at $427.35 on Tuesday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The company’s 50-day moving average is $439.59 and its two-hundred day moving average is $432.88.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Domino’s Pizza by 48.9% during the 2nd quarter. American Century Companies Inc. now owns 4,026 shares of the restaurant operator’s stock worth $2,079,000 after buying an additional 1,323 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Domino’s Pizza by 16.1% during the second quarter. Dimensional Fund Advisors LP now owns 151,935 shares of the restaurant operator’s stock worth $78,449,000 after purchasing an additional 21,088 shares during the last quarter. Edgestream Partners L.P. increased its stake in Domino’s Pizza by 20.4% during the second quarter. Edgestream Partners L.P. now owns 591 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 100 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Domino’s Pizza by 18.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,650 shares of the restaurant operator’s stock worth $852,000 after purchasing an additional 256 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Domino’s Pizza by 30.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,945 shares of the restaurant operator’s stock worth $1,004,000 after buying an additional 454 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.