Domino’s Pizza (NASDAQ:DPZ) Hits New 1-Year Low Following Analyst Downgrade

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price hit a new 52-week low on Wednesday after Citigroup lowered their price target on the stock from $460.00 to $420.00. Citigroup currently has a neutral rating on the stock. Domino’s Pizza traded as low as $380.46 and last traded at $378.8490, with a volume of 114454 shares changing hands. The stock had previously closed at $389.73.

Several other equities research analysts have also recently weighed in on the stock. Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a research report on Monday, January 5th. BTIG Research reissued a “buy” rating and issued a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company lowered their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $478.33.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lafayette Investments Inc. increased its stake in shares of Domino’s Pizza by 2.7% in the 2nd quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock valued at $419,000 after acquiring an additional 24 shares during the last quarter. Westpac Banking Corp grew its holdings in Domino’s Pizza by 31.2% during the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the period. Huntleigh Advisors Inc. grew its holdings in Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 25 shares during the period. Ritholtz Wealth Management increased its stake in Domino’s Pizza by 1.1% in the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after purchasing an additional 27 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Domino’s Pizza by 2.9% in the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after purchasing an additional 27 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.6%

The company’s fifty day simple moving average is $412.61 and its two-hundred day simple moving average is $424.81. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.

Domino’s Pizza Company Profile

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.