Guggenheim restated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note published on Wednesday, TipRanks reports. They currently have a $327.00 price target on the restaurant operator’s stock.
DPZ has been the subject of several other research reports. Robert W. Baird set a $300.00 price target on shares of Domino’s Pizza and gave the stock a buy rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Domino’s Pizza from $265.00 to $275.00 and gave the company an overweight rating in a research note on Wednesday, October 9th. Stifel Nicolaus set a $285.00 price objective on shares of Domino’s Pizza and gave the stock a buy rating in a research report on Tuesday, October 8th. Cowen reissued a buy rating and set a $325.00 target price on shares of Domino’s Pizza in a research note on Wednesday. Finally, BTIG Research set a $325.00 target price on shares of Domino’s Pizza and gave the company a buy rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $296.44.
DPZ stock traded down $0.89 during trading on Wednesday, hitting $286.47. The company had a trading volume of 469,080 shares, compared to its average volume of 633,182. The business has a 50-day moving average of $290.98 and a 200-day moving average of $264.63. Domino’s Pizza has a one year low of $220.90 and a one year high of $302.05. The stock has a market cap of $11.66 billion, a PE ratio of 34.02, a PEG ratio of 1.97 and a beta of 0.48.
In other Domino’s Pizza news, Director Andy Ballard sold 1,400 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $290.51, for a total value of $406,714.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Goldman sold 2,486 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $279.98, for a total value of $696,030.28. Following the completion of the transaction, the director now directly owns 5,209 shares of the company’s stock, valued at $1,458,415.82. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Domino’s Pizza by 51.2% in the 2nd quarter. Morgan Stanley now owns 291,648 shares of the restaurant operator’s stock worth $81,160,000 after acquiring an additional 98,716 shares during the period. Victory Capital Management Inc. boosted its stake in Domino’s Pizza by 62.2% during the 2nd quarter. Victory Capital Management Inc. now owns 353,333 shares of the restaurant operator’s stock valued at $98,325,000 after purchasing an additional 135,497 shares during the period. Global Retirement Partners LLC grew its position in Domino’s Pizza by 26.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,975 shares of the restaurant operator’s stock worth $483,000 after purchasing an additional 413 shares during the last quarter. Private Ocean LLC bought a new position in Domino’s Pizza in the 3rd quarter worth about $30,000. Finally, Alpine Group USVI LLC bought a new position in Domino’s Pizza in the 3rd quarter worth about $424,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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