Ashton Thomas Private Wealth LLC Makes New Investment in Domino’s Pizza Inc $DPZ

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,432 shares of the restaurant operator’s stock, valued at approximately $618,000.

Several other institutional investors have also recently made changes to their positions in DPZ. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza during the second quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new position in Domino’s Pizza in the second quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter worth $42,000. Westpac Banking Corp grew its position in shares of Domino’s Pizza by 31.2% during the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 24 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth $46,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.4%

Shares of DPZ opened at $394.88 on Friday. The business’s 50 day moving average is $415.80 and its 200 day moving average is $427.02. Domino’s Pizza Inc has a 12-month low of $382.47 and a 12-month high of $500.55. The company has a market capitalization of $13.34 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15.

Analysts Set New Price Targets

Several research firms recently weighed in on DPZ. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus price target of $480.56.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza 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 sale, the executive vice president owned 6,744 shares in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

Domino’s Pizza Profile

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.