Domino's Pizza (NASDAQ:DPZ) Price Target Lowered to $402.00 at Barclays

Domino's Pizza (NASDAQ:DPZ - Free Report) had its price objective reduced by Barclays from $412.00 to $402.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the restaurant operator's stock.

A number of other research firms have also recently issued reports on DPZ. Citigroup reduced their price objective on Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Loop Capital raised Domino's Pizza from a "hold" rating to a "buy" rating and lifted their price objective for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Evercore ISI reduced their price objective on Domino's Pizza from $500.00 to $480.00 and set an "outperform" rating for the company in a research report on Monday, October 7th. BMO Capital Markets reduced their price objective on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 11th. Finally, Guggenheim reduced their price objective on Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $502.33.

Domino's Pizza Stock Down 3.0 %

Shares of Domino's Pizza stock traded down $13.53 during midday trading on Friday, hitting $434.23. The company's stock had a trading volume of 649,816 shares, compared to its average volume of 577,934. The firm has a market capitalization of $14.99 billion, a P/E ratio of 26.67, a PEG ratio of 2.26 and a beta of 0.90. The stock has a 50-day simple moving average of $439.89 and a 200-day simple moving average of $432.68. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,966 shares of the company's stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.76% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

A number of institutional investors have recently added to or reduced their stakes in DPZ. True Wealth Design LLC boosted its holdings in shares of Domino's Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Domino's Pizza in the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino's Pizza in the 3rd quarter worth approximately $43,000. Blue Trust Inc. boosted its holdings in shares of Domino's Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after acquiring an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Domino's Pizza by 195.6% in 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 in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.