Principal Financial Group Inc. Acquires 30,647 Shares of Domino’s Pizza Inc $DPZ

Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 1.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,762,568 shares of the restaurant operator’s stock after acquiring an additional 30,647 shares during the period. Principal Financial Group Inc. owned 0.05% of Domino’s Pizza worth $760,939,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. RMG Wealth Management LLC acquired a new stake in Domino’s Pizza during the 2nd quarter worth $25,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Domino’s Pizza during the second quarter worth $42,000. Finally, Westpac Banking Corp increased its holdings in Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus reduced their target price on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a research note on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Piper Sandler reiterated a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a report on Monday, November 24th. Finally, Bank of America lifted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $480.56.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value 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 approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $410.33 on Friday. The firm has a market cap of $13.87 billion, a P/E ratio of 23.98, a PEG ratio of 1.92 and a beta of 1.15. Domino’s Pizza Inc has a twelve month low of $382.47 and a twelve month high of $500.55. The firm’s 50 day moving average price is $417.22 and its two-hundred day moving average price is $429.42.

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.