Citigroup Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective trimmed by Citigroup from $460.00 to $420.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company dropped their price target on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Guggenheim reduced their price objective on Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Stifel Nicolaus lowered their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $476.85.

Domino’s Pizza Price Performance

Shares of DPZ opened at $375.50 on Wednesday. The company has a market capitalization of $12.69 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15. Domino’s Pizza has a one year low of $373.41 and a one year high of $500.55. The company’s fifty day moving average price is $411.79 and its 200 day moving average price is $424.12.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction on Tuesday, December 16th. The shares were 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 in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently made changes to their positions in the business. Bridgefront Capital LLC raised its position in Domino’s Pizza by 85.2% in the fourth quarter. Bridgefront Capital LLC now owns 2,009 shares of the restaurant operator’s stock worth $837,000 after purchasing an additional 924 shares in the last quarter. Morgan Stanley grew its stake in shares of Domino’s Pizza by 44.4% in the 4th quarter. Morgan Stanley now owns 750,674 shares of the restaurant operator’s stock valued at $312,897,000 after purchasing an additional 230,862 shares during the period. Schroder Investment Management Group grew its stake in shares of Domino’s Pizza by 20.4% in the 4th quarter. Schroder Investment Management Group now owns 18,338 shares of the restaurant operator’s stock valued at $7,737,000 after purchasing an additional 3,113 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Domino’s Pizza by 56.3% in the 4th quarter. Public Sector Pension Investment Board now owns 3,885 shares of the restaurant operator’s stock worth $1,619,000 after buying an additional 1,400 shares in the last quarter. Finally, Nutshell Asset Management Ltd bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $2,834,000. 94.63% of the stock is currently 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.