Domino’s Pizza (NASDAQ:DPZ) Price Target Cut to $496.00 by Analysts at Morgan Stanley

Domino’s Pizza (NASDAQ:DPZ) had its target price lowered by Morgan Stanley from $510.00 to $496.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on DPZ. Oppenheimer upped their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Jefferies Financial Group lowered their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. Barclays upped their price objective on Domino’s Pizza from $370.00 to $412.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Finally, Guggenheim dropped their price target on 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $502.70.

Domino’s Pizza Trading Up 1.3 %

NASDAQ DPZ opened at $447.76 on Tuesday. The company’s fifty day simple moving average is $439.89 and its 200-day simple moving average is $432.68. The stock has a market cap of $15.46 billion, a P/E ratio of 27.50, a PEG ratio of 2.25 and a beta of 0.90. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on 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 of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza during the third quarter worth $549,399,000. Charles Schwab Investment Management Inc. lifted its holdings in Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after buying an additional 2,201 shares during the period. Commerce Bank lifted its stake in shares of Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after purchasing an additional 1,404 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Domino’s Pizza in the 3rd quarter worth $1,154,000. Finally, Empire Financial Management Company LLC acquired a new stake in shares of Domino’s Pizza during the third quarter worth $985,000. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.