Barclays Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its target price cut by equities research analysts at Barclays from $412.00 to $402.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential downside of 7.42% from the company’s current price.

DPZ has been the topic of several other research reports. Bank of America decreased their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. TD Cowen boosted their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Piper Sandler cut their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Evercore ISI decreased their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Finally, Citigroup cut their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza Price Performance

DPZ stock opened at $434.23 on Friday. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The business has a 50 day simple moving average of $439.96 and a two-hundred day simple moving average of $431.90. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.26 and a beta of 0.90.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza 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 transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KG&L Capital Management LLC increased its position in shares of Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust increased its position in Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares in the last quarter. Mather Group LLC. raised its stake in Domino’s Pizza by 5.7% in the third quarter. Mather Group LLC. now owns 684 shares of the restaurant operator’s stock valued at $294,000 after buying an additional 37 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in Domino’s Pizza by 0.5% in the third quarter. Vontobel Holding Ltd. now owns 7,593 shares of the restaurant operator’s stock worth $3,266,000 after acquiring an additional 40 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its stake in shares of Domino’s Pizza by 2.0% during the third quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator’s stock worth $863,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other 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.