Barclays Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $402.00

Domino’s Pizza (NASDAQ:DPZ) had its price target reduced by Barclays from $412.00 to $402.00 in a research report released on Friday,Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. 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. Guggenheim lowered their price target on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Oppenheimer raised their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. One research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $502.33.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $434.23 on Friday. The stock’s 50 day simple moving average is $439.96 and its 200-day simple moving average is $431.58. The company has a market cap of $14.99 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. International Assets Investment Management LLC raised its stake in shares of Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after acquiring an additional 522,490 shares in the last quarter. FMR LLC boosted its holdings in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares during the period. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza during the 3rd quarter worth $99,352,000. Finally, Jennison Associates LLC increased its holdings in Domino’s Pizza by 75.3% during the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after purchasing an additional 92,137 shares during the period. 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.