Domino’s Pizza, Inc. (NASDAQ:DPZ) Receives $502.33 Consensus Price Target from Analysts

Domino’s Pizza, Inc. (NASDAQ:DPZ) has earned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $505.30.

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. TD Cowen boosted their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Oppenheimer lifted their target price on 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, Citigroup upped their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc purchased a new stake in shares of Domino’s Pizza in the 3rd quarter worth $549,399,000. Norges Bank purchased a new stake in Domino’s Pizza in the fourth quarter worth about $250,571,000. International Assets Investment Management LLC grew its holdings in Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. FMR LLC increased its position 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 purchasing an additional 307,528 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $99,352,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Trading Down 0.4 %

Domino’s Pizza stock opened at $475.42 on Thursday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 2.49 and a beta of 0.90. The firm has a 50 day moving average of $440.65 and a 200 day moving average of $434.42.

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.