Domino’s Pizza (NASDAQ:DPZ) Hits New 52-Week Low – What’s Next?

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $382.47 and last traded at $392.3950, with a volume of 184210 shares changing hands. The stock had previously closed at $400.28.

Analyst Upgrades and Downgrades

Several analysts recently commented on DPZ shares. Morgan Stanley restated an “equal weight” rating and set a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday. Barclays decreased their target price on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. BTIG Research restated a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Wells Fargo & Company cut their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Finally, Mizuho raised Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $482.78.

Domino’s Pizza Trading Down 2.0%

The company’s fifty day moving average is $417.02 and its 200-day moving average is $432.80. The firm has a market capitalization of $13.25 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.88 and a beta of 1.15.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction dated 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 transaction, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. RMG Wealth Management LLC bought a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Domino’s Pizza during the 2nd quarter valued at $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new stake in Domino’s Pizza in the 2nd quarter worth $34,000. Finally, Johnson Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.