Morgan Stanley Has Lowered Expectations for Domino's Pizza (NASDAQ:DPZ) Stock Price

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its target price reduced by equities research analysts at Morgan Stanley from $510.00 to $496.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. Morgan Stanley's price target points to a potential upside of 13.18% from the stock's current price.

Several other research analysts have also commented on the company. Evercore ISI lowered their price target 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. JPMorgan Chase & Co. lowered their target price on Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating for the company in a report on Friday, October 11th. BMO Capital Markets cut their price target on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 11th. Oppenheimer raised their price objective on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, Bank of America cut their target price on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $502.70.

Domino's Pizza Trading Up 2.5 %

NASDAQ DPZ traded up $10.88 on Tuesday, reaching $438.23. 467,801 shares of the company were exchanged, compared to its average volume of 562,481. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market capitalization of $15.13 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The business's fifty day moving average price is $439.59 and its 200 day moving average price is $432.88.

Insider Activity at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction on Friday, November 15th. The shares were 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 owns 1,966 shares of the company's stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DPZ. FMR LLC grew its position in Domino's Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after purchasing an additional 307,528 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Domino's Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock worth $716,681,000 after purchasing an additional 23,681 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Domino's Pizza during the third quarter valued at $549,399,000. Marshfield Associates increased its holdings in shares of Domino's Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator's stock valued at $368,392,000 after purchasing an additional 2,271 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Domino's Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock valued at $225,303,000 after purchasing an additional 522,490 shares in the last quarter. 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.