Domino’s Pizza (NASDAQ:DPZ) Hits New 52-Week Low – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $372.13 and last traded at $372.7320, with a volume of 31861 shares changing hands. The stock had previously closed at $375.50.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Guggenheim reduced their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Wells Fargo & Company cut their price target on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Finally, Citigroup decreased their price objective on Domino’s Pizza from $460.00 to $420.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and an average target price of $475.74.

Domino’s Pizza Trading Up 0.5%

The company has a market cap of $13.01 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.76 and a beta of 1.15. The stock’s 50-day moving average is $409.33 and its 200-day moving average is $421.89.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the last quarter. Norges Bank bought a new stake in shares of Domino’s Pizza in the 4th quarter worth $285,116,000. Berkshire Hathaway Inc raised its holdings in shares of Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after purchasing an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during 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.