Royal Bank of Canada Cuts Domino's Pizza Price Target to $325

Royal Bank of Canada has adjusted its outlook on Domino's Pizza (NASDAQ: DPZ), lowering its price target from $350.00 to $325.00. The firm maintains a "sector perform" rating on the stock, suggesting a potential upside of 10.43% from the company's previous close.

Several other brokerages have recently revised their assessments of Domino's Pizza. BTIG Research reaffirmed a "buy" rating with a $425.00 target price. Guggenheim reduced its target to $325.00 and assigned a "neutral" rating. BMO Capital Markets cut its target to $420.00 with an "outperform" rating, while Morgan Stanley dropped its target to $370.00 with an "equal weight" rating. JPMorgan Chase & Co. also lowered its target to $350.00, maintaining an "overweight" rating.

The consensus among analysts remains divided, with 16 recommending a "buy," 14 suggesting a "hold," and 1 advising a "sell." The average target price stands at $392.58, reflecting a "hold" consensus. Domino's Pizza opened at $294.32 on Monday, with a market cap of $9.74 billion and a PE ratio of 16.73.

In related news, CEO Russell Weiner sold 10,850 shares at $330.83 each, reducing his ownership by 19.84%. EVP Kelly Garcia sold 12,430 shares at $322.04 each, decreasing her ownership by 57.07%. Insiders sold a total of 23,767 shares worth $7,737,107 over the last quarter. Hedge funds have also adjusted their holdings, with some increasing their stakes significantly.