Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Average Rating of “Moderate Buy” by Analysts

Domino’s Pizza, Inc. (NASDAQ:DPZ) has been assigned an average rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $503.22.

Several brokerages have commented on DPZ. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. Benchmark restated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. TD Cowen lifted their price target on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley dropped their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th.

Domino’s Pizza Trading Up 2.0 %

Shares of DPZ stock opened at $427.35 on Friday. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a market capitalization of $14.76 billion, a P/E ratio of 26.25, a PEG ratio of 2.05 and a beta of 0.90. The firm’s 50 day moving average is $439.98 and its 200 day moving average is $433.82.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza in the third quarter worth about $549,399,000. Charles Schwab Investment Management Inc. grew its position in Domino’s Pizza by 1.0% during 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 raised its position in Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after acquiring an additional 1,404 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth $1,154,000. Finally, Empire Financial Management Company LLC bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $985,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

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.