Domino’s Pizza (NASDAQ:DPZ) Reaches New 1-Year Low – What’s Next?

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $372.13 and last traded at $372.7320, with a volume of 31861 shares. The stock had previously closed at $375.50.

Analyst Ratings Changes

A number of brokerages have commented on DPZ. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Barclays lowered their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a research note on Monday, January 5th. Finally, Citigroup decreased their target price on shares of Domino’s Pizza from $460.00 to $420.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Hold” and an average target price of $476.85.

Domino’s Pizza Stock Performance

The stock has a market capitalization of $12.64 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. The firm’s fifty day simple moving average is $410.93 and its 200 day simple moving average is $422.82.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the business. Lafayette Investments Inc. boosted its stake in shares of Domino’s Pizza by 2.7% during the 2nd quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock worth $419,000 after purchasing an additional 24 shares during the period. Westpac Banking Corp lifted its stake in Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Huntleigh Advisors Inc. boosted its position in shares of Domino’s Pizza by 5.0% during the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 25 shares during the period. Ritholtz Wealth Management boosted its position in shares of Domino’s Pizza by 1.1% during the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after buying an additional 27 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Domino’s Pizza by 2.9% during the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.