Barclays Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $402.00

Domino’s Pizza (NASDAQ:DPZ) had its price target lowered by research analysts at Barclays from $412.00 to $402.00 in a report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. Barclays‘s price objective indicates a potential downside of 10.13% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lowered their price target on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Piper Sandler dropped their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. BMO Capital Markets cut their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Stephens dropped their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $447.30 on Friday. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a market cap of $15.45 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.26 and a beta of 0.90. The firm has a fifty day moving average price of $439.89 and a 200 day moving average price of $432.68.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The shares were 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 owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of DPZ. FMR LLC increased its position in shares of Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares during the period. Principal Financial Group Inc. raised its position in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. Marshfield Associates boosted its position in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after acquiring an additional 2,271 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after acquiring an additional 522,490 shares during the last quarter. 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.