Capital Investment Advisors LLC Boosts Position in Domino’s Pizza Inc $DPZ

Capital Investment Advisors LLC lifted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 99.8% in the third quarter, HoldingsChannel reports. The firm owned 5,018 shares of the restaurant operator’s stock after buying an additional 2,506 shares during the period. Capital Investment Advisors LLC’s holdings in Domino’s Pizza were worth $2,166,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. RMG Wealth Management LLC acquired a new stake in Domino’s Pizza in the 2nd quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Domino’s Pizza during the 2nd quarter worth about $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $42,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $405.09 on Friday. The company has a market capitalization of $13.69 billion, a P/E ratio of 23.68, a PEG ratio of 1.91 and a beta of 1.15. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The company’s fifty day moving average is $416.74 and its two-hundred day moving average is $435.04.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.19 earnings per share. As a group, equities analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DPZ shares. Sanford C. Bernstein restated a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Royal Bank Of Canada lowered their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 15th. BTIG Research reiterated a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research note on Friday, November 14th. Barclays cut their target price on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $485.74.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.