Citigroup Boosts Domino’s Pizza (NASDAQ:DPZ) Price Target to $520.00

Domino’s Pizza (NASDAQ:DPZ) had its target price raised by analysts at Citigroup from $440.00 to $520.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 9.64% from the company’s previous close.

Several other equities analysts have also recently commented on DPZ. TD Cowen upped their target price on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Barclays dropped 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $505.30.

Domino’s Pizza Trading Down 0.7 %

NASDAQ:DPZ traded down $3.25 during trading hours on Wednesday, hitting $474.29. 193,473 shares of the company traded hands, compared to its average volume of 553,676. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.49 and a beta of 0.90. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a 50-day moving average of $440.29 and a 200 day moving average of $434.13.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds have recently added to or reduced their stakes in DPZ. Blue Trust Inc. grew its holdings in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 63 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Domino’s Pizza by 45.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 894 shares of the restaurant operator’s stock valued at $385,000 after purchasing an additional 280 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Domino’s Pizza by 12.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator’s stock valued at $1,080,000 after purchasing an additional 283 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. Finally, X Square Capital LLC boosted its stake in shares of Domino’s Pizza by 12.1% in the 3rd quarter. X Square Capital LLC now owns 4,460 shares of the restaurant operator’s stock valued at $1,918,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.