Dividend Assets Capital LLC Raises Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Dividend Assets Capital LLC lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 31.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,053 shares of the restaurant operator’s stock after acquiring an additional 1,707 shares during the period. Dividend Assets Capital LLC’s holdings in Domino’s Pizza were worth $2,961,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its stake in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the period. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza in the 3rd quarter valued at $549,399,000. International Assets Investment Management LLC raised its position in 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, Champlain Investment Partners LLC purchased a new position in Domino’s Pizza during the 3rd quarter worth $99,352,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 2.0 %

NASDAQ:DPZ opened at $462.37 on Friday. The company has a market capitalization of $15.97 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. The firm has a 50-day moving average price of $440.97 and a two-hundred day moving average price of $434.91. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Analysts Set New Price Targets

DPZ has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Thursday. Oppenheimer upped their price objective on 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 lowered their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen upped their price target on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Citigroup lifted their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $505.67.

Domino’s Pizza Profile

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.