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

Domino’s Pizza (NASDAQ:DPZ) had its price target reduced by Morgan Stanley from $510.00 to $496.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s target price points to a potential upside of 16.06% from the stock’s current price.

A number of other equities research analysts also recently commented on DPZ. Evercore ISI dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 25th. BMO Capital Markets cut their price target on 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. Jefferies Financial Group lowered their price objective 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. Finally, Citigroup cut their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $502.70.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $427.35 on Tuesday. The business has a 50-day simple moving average of $439.59 and a 200-day simple moving average of $432.88. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The company has a market cap of $14.76 billion, a PE ratio of 26.25, a P/E/G ratio of 2.18 and a beta of 0.90.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the 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 completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth $549,399,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after acquiring an additional 522,490 shares during the last quarter. FMR LLC increased its holdings in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza during the third quarter worth about $99,352,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Domino’s Pizza in the second quarter valued at about $72,296,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.