Barclays Sticks to Its Hold Rating for Domino’s Pizza (DPZ)

By Carrie Williams

In a report released yesterday, Jeff Bernstein from Barclays maintained a Hold rating on Domino’s Pizza (DPZResearch Report), with a price target of $345.00. The company’s shares closed last Thursday at $369.64, close to its 52-week high of $387.86.

According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 6.3% and a 65.5% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Dine Brands Global, and Cheesecake Factory.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Domino’s Pizza with a $374.95 average price target, implying a -1.3% downside from current levels. In a report issued on April 22, Jefferies also maintained a Hold rating on the stock with a $355.00 price target.

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The company has a one-year high of $387.86 and a one-year low of $220.90. Currently, Domino’s Pizza has an average volume of 1.05M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year. Most recently, in January 2020, Andrew Balson, a Director at DPZ bought 6,000 shares for a total of $74,580.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Domino’s Pizza, Inc. is a pizza company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. It operates though the following three segments: U.S. Stores, International Franchise and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises of a network of franchised stores. The Supply Chain segment operates regional dough manufacturing and food supply chain centers. The company was founded by James Monaghan and Thomas Stephen Monaghan in 1960 and is headquartered in Ann Arbor, MI.