Domino’s Pizza’s (DPZ) Equal Weight Rating Reiterated at Morgan Stanley

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research report issued on Tuesday,Benzinga reports. They presently have a $455.00 price objective on the restaurant operator’s stock, down from their previous price objective of $535.00. Morgan Stanley’s price target would suggest a potential upside of 13.67% from the company’s previous close.

A number of other equities research analysts have also weighed in on DPZ. Barclays cut their price objective on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. BTIG Research reissued a “buy” rating and set a $530.00 price objective on shares of Domino’s Pizza in a research report on Friday, November 14th. Evercore ISI dropped their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group reduced their price target on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Bank of America raised their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $482.78.

Domino’s Pizza Trading Down 2.2%

Domino’s Pizza stock opened at $400.28 on Tuesday. Domino’s Pizza has a 1-year low of $392.89 and a 1-year high of $500.55. The firm has a market cap of $13.53 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.88 and a beta of 1.15. The firm has a 50-day moving average of $417.02 and a 200-day moving average of $432.80.

Insiders Place Their Bets

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 shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. RMG Wealth Management LLC purchased a new position in Domino’s Pizza during the second quarter valued at $25,000. Signature Resources Capital Management LLC bought a new position in shares of Domino’s Pizza during the second quarter valued at $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Domino’s Pizza in the 2nd quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new position in Domino’s Pizza in the 2nd quarter worth about $34,000. Finally, Johnson Financial Group Inc. grew its position in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. 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.