Domino’s Pizza (NYSE:DPZ) has been given a $325.00 price objective by research analysts at BTIG Research in a report released on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s target price indicates a potential upside of 30.47% from the stock’s current price.
Several other equities analysts also recently issued reports on the stock. OTR Global downgraded shares of Domino’s Pizza to a “positive” rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 10th. Mizuho cut their target price on shares of Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. MKM Partners initiated coverage on shares of Domino’s Pizza in a research report on Tuesday, August 13th. They set a “neutral” rating and a $265.00 price target for the company. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $305.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Finally, ValuEngine lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $287.54.
Shares of DPZ stock traded up $5.52 during trading hours on Monday, hitting $249.09. 738,337 shares of the company’s stock were exchanged, compared to its average volume of 841,350. Domino’s Pizza has a fifty-two week low of $220.90 and a fifty-two week high of $302.05. The firm has a market cap of $10.09 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.72 and a beta of 0.48. The firm has a 50 day moving average of $239.69 and a two-hundred day moving average of $260.36.
Several institutional investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Domino’s Pizza by 125.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,386 shares of the restaurant operator’s stock valued at $6,786,000 after purchasing an additional 13,591 shares during the period. Treasurer of the State of North Carolina raised its stake in Domino’s Pizza by 3.2% during the second quarter. Treasurer of the State of North Carolina now owns 17,701 shares of the restaurant operator’s stock worth $4,926,000 after purchasing an additional 542 shares during the period. Mackenzie Financial Corp acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $208,000. Nomura Holdings Inc. acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $326,000. Finally, Natixis grew its stake in shares of Domino’s Pizza by 3,451.4% in the 2nd quarter. Natixis now owns 31,252 shares of the restaurant operator’s stock valued at $8,697,000 after buying an additional 30,372 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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