Wells Fargo & Company Begins Coverage on Domino’s Pizza (NYSE:DPZ)

Analysts at Wells Fargo & Company started coverage on shares of Domino’s Pizza (NYSE:DPZGet Rating) in a report released on Monday, The Fly reports. The firm set an “equal weight” rating on the restaurant operator’s stock.

A number of other research analysts have also recently commented on DPZ. Stephens decreased their target price on shares of Domino’s Pizza from $368.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Friday, October 14th. Cowen dropped their target price on shares of Domino’s Pizza from $410.00 to $362.00 and set a “market perform” rating for the company in a report on Tuesday, September 27th. JPMorgan Chase & Co. upped their price target on Domino’s Pizza from $320.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 18th. Credit Suisse Group dropped their price objective on Domino’s Pizza from $425.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday, October 10th. Finally, Royal Bank of Canada decreased their target price on Domino’s Pizza from $460.00 to $430.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $395.24.

Domino’s Pizza Stock Down 0.7 %

NYSE:DPZ opened at $345.45 on Monday. Domino’s Pizza has a 52 week low of $299.41 and a 52 week high of $463.72. The stock’s fifty day moving average is $359.67 and its two-hundred day moving average is $361.38. The company has a market capitalization of $12.23 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.96 and a beta of 0.75.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Patricia E. Lopez sold 244 shares of the firm’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $351.93, for a total transaction of $85,870.92. Following the transaction, the director now owns 1,519 shares of the company’s stock, valued at $534,581.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hartford Investment Management Co. increased its holdings in shares of Domino’s Pizza by 0.9% in the 2nd quarter. Hartford Investment Management Co. now owns 3,466 shares of the restaurant operator’s stock valued at $1,351,000 after acquiring an additional 32 shares during the period. Brinker Capital Investments LLC increased its stake in Domino’s Pizza by 15.6% in the second quarter. Brinker Capital Investments LLC now owns 6,765 shares of the restaurant operator’s stock valued at $2,636,000 after purchasing an additional 915 shares during the period. Veriti Management LLC raised its holdings in shares of Domino’s Pizza by 46.4% in the second quarter. Veriti Management LLC now owns 1,895 shares of the restaurant operator’s stock valued at $739,000 after buying an additional 601 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Domino’s Pizza by 209.7% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator’s stock worth $36,000 after buying an additional 65 shares during the period. Finally, AE Wealth Management LLC grew its holdings in shares of Domino’s Pizza by 17.7% during the second quarter. AE Wealth Management LLC now owns 2,424 shares of the restaurant operator’s stock worth $945,000 after buying an additional 364 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

About Domino’s Pizza

(Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through 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.

Read More

The Fly logo

Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.