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

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price hit a new 52-week low during mid-day trading 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. The stock had previously closed at $389.73.

A number of other research analysts have also issued reports on the stock. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America upped their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Guggenheim lowered 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. Royal Bank Of Canada cut their price target on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $478.33.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the last quarter. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter valued at $285,116,000. Berkshire Hathaway Inc boosted its stake 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 valued at $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Two Sigma Investments LP grew its holdings in Domino’s Pizza by 2,845.4% during the 3rd quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after acquiring an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of Domino’s Pizza by 8,229.8% in the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 2.9%

The company has a market cap of $12.79 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.85 and a beta of 1.15. The company’s 50-day moving average price is $414.47 and its two-hundred day moving average price is $425.40.

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.