Domino’s Pizza Inc (NASDAQ:DPZ) Receives Consensus Rating of “Hold” from Analysts

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have earned a consensus recommendation of “Hold” from the twenty-eight research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $480.5556.

Several research firms recently commented on DPZ. Sanford C. Bernstein reissued a “market perform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Jefferies Financial Group dropped their price objective on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Guggenheim decreased their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th.

Domino’s Pizza Trading Down 0.3%

NASDAQ:DPZ opened at $409.22 on Thursday. The firm’s fifty day simple moving average is $417.35 and its 200 day simple moving average is $428.75. Domino’s Pizza has a twelve month low of $382.47 and a twelve month high of $500.55. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.94 and a beta of 1.15.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after buying an additional 36,288 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after acquiring an additional 30,647 shares in the last quarter. Invesco Ltd. increased its position in shares of Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after purchasing an additional 78,594 shares during the last quarter. Finally, Marshfield Associates raised its stake in shares of Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.