5 Best Stocks In Each Sector

3. Domino’s Pizza, Inc. (NYSE:DPZ)

Sector: Consumer Staples

Number of Hedge Fund Holders: 52

Industries that are less susceptible to economic cycles are included in the consumer staples Sector. Consumer staples companies include firms engaging in the manufacturing and distribution of food, beverages, household and hygiene products, etc.

Domino’s Pizza, Inc. (NYSE:DPZ) is one of the world’s largest and most well-known pizza delivery companies, with more than 17,000 stores in more than 90 countries. Domino’s Pizza, Inc. (NYSE:DPZ) offers a wide range of pizzas, as well as other menu items such as sandwiches, pastas, and wings.

On December 5, 2022, Peter Saleh, an analyst at BTIG, upgraded his rating on Domino’s Pizza, Inc. (NYSE:DPZ) to Buy from Neutral with a price target of $460. The analyst believes that the company’s declining margins will recover in 2023 due to higher menu pricing and organically improved availability of drivers.

As per Insider Monkey’s database, 52 hedge funds remained bullish on Domino’s Pizza, Inc. (NYSE:DPZ) at the end of Q3 2022. Steadfast Capital Management came out to be the biggest holder of the company’s shares at the end of the quarter.