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

Domino’s Pizza (NASDAQ:DPZ) had its price target reduced by equities research analysts at BTIG Research from $530.00 to $500.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price objective suggests a potential upside of 30.55% from the company’s previous close.

Several other research firms have also weighed in on DPZ. Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. TD Cowen lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, January 5th. UBS Group set a $500.00 price objective on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Friday, February 13th. Stifel Nicolaus cut their target price on shares of 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. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $475.74.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $382.99 on Thursday. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The business’s 50 day simple moving average is $409.33 and its 200-day simple moving average is $421.89. Domino’s Pizza has a 12 month low of $370.70 and a 12 month high of $500.55.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently modified their holdings of DPZ. Westpac Banking Corp grew its stake in Domino’s Pizza by 31.2% in the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 24 shares during the period. Huntleigh Advisors Inc. grew its position in shares of Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares during the period. Lafayette Investments Inc. grew its position in shares of Domino’s Pizza by 2.8% in the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 26 shares during the period. Ritholtz Wealth Management increased its stake in Domino’s Pizza by 1.1% in the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after purchasing an additional 27 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Domino’s Pizza by 2.9% during the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.