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

Domino’s Pizza (NASDAQ:DPZ) had its price target increased by Citigroup from $440.00 to $520.00 in a report issued on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

Other analysts have also issued reports about the stock. TD Cowen raised their price objective 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. Oppenheimer raised 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. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Morgan Stanley reduced 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 reduced 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $462.37 on Wednesday. The company has a 50-day moving average of $440.97 and a 200 day moving average of $434.91. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.49 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza during the third quarter valued at approximately $549,399,000. Norges Bank purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $250,571,000. International Assets Investment Management LLC lifted its holdings in Domino’s Pizza by 40,191.5% during the third 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 in the last quarter. FMR LLC lifted its holdings in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in Domino’s Pizza during the third quarter valued at approximately $99,352,000. Hedge funds and other 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.