Morgan Stanley Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $496.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective dropped by research analysts at Morgan Stanley from $510.00 to $496.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s price target would indicate a potential upside of 12.19% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Citigroup cut their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Barclays raised their price target on Domino’s Pizza from $370.00 to $412.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 7th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $502.70.

Domino’s Pizza Trading Up 0.3 %

Shares of DPZ opened at $442.12 on Tuesday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market capitalization of $15.27 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.18 and a beta of 0.90. The firm has a 50-day moving average price of $439.65 and a 200 day moving average price of $432.57.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s 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 $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza in the third quarter worth $549,399,000. International Assets Investment Management LLC lifted its position in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after buying an additional 522,490 shares during the last quarter. FMR LLC grew its stake in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares during the period. Champlain Investment Partners LLC purchased a new stake in Domino’s Pizza in the 3rd quarter worth about $99,352,000. Finally, Point72 Asset Management L.P. bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $72,296,000. 94.63% of the stock is owned by institutional investors.

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.