Deutsche Bank initiated coverage on shares of Domino’s Pizza (NYSE:DPZ) in a report released on Monday morning, BenzingaRatingsTable reports. The firm issued a sell rating on the restaurant operator’s stock.
Other research analysts have also recently issued reports about the stock. Stephens cut their price target on shares of Domino’s Pizza from $325.00 to $300.00 and set an overweight rating on the stock in a report on Wednesday, July 17th. FIG Partners restated an outperform rating and issued a $310.00 price target (up from $280.00) on shares of Domino’s Pizza in a report on Thursday, April 25th. Bank of America upped their price target on shares of Domino’s Pizza from $290.00 to $300.00 and gave the stock a buy rating in a report on Thursday, April 25th. Oppenheimer cut their price target on shares of Domino’s Pizza from $310.00 to $295.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Finally, Credit Suisse Group cut their price target on shares of Domino’s Pizza from $320.00 to $300.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $294.11.
DPZ stock traded up $1.00 during mid-day trading on Monday, reaching $246.83. 3,333 shares of the stock traded hands, compared to its average volume of 1,236,471. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The firm has a market cap of $10.21 billion, a PE ratio of 29.30, a PEG ratio of 1.77 and a beta of 0.48. The company has a 50-day simple moving average of $270.55.
In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $279.19, for a total value of $2,791,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Field & Main Bank purchased a new stake in Domino’s Pizza in the first quarter worth about $32,000. NEXT Financial Group Inc lifted its stake in Domino’s Pizza by 85.7% in the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 60 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Domino’s Pizza in the first quarter worth about $37,000. Cornerstone Advisors Inc. lifted its position in shares of Domino’s Pizza by 36.2% during the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 55 shares during the last quarter. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Domino’s Pizza during the first quarter valued at about $58,000. 96.82% of the stock is owned by institutional investors.
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.
Featured Article: Market Perform
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.