Morgan Stanley Cuts Domino’s Pizza (NASDAQ:DPZ) Price Target to $496.00

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by Morgan Stanley from $510.00 to $496.00 in a research report report published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on the company. Jefferies Financial Group lowered their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Bank of America decreased their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Evercore ISI dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Stephens reduced their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $502.70.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $447.76 on Tuesday. The business’s fifty day moving average price is $439.89 and its 200-day moving average price is $432.68. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.25 and a beta of 0.90.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. True Wealth Design LLC boosted its stake in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza in the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza in the 3rd quarter valued at about $43,000. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds 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.