2,935 Shares in Domino’s Pizza Inc $DPZ Acquired by Gries Financial LLC

Gries Financial LLC purchased a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,935 shares of the restaurant operator’s stock, valued at approximately $1,267,000.

Several other institutional investors have also recently bought and sold shares of the business. RMG Wealth Management LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new position in Domino’s Pizza in the 2nd quarter worth approximately $29,000. 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 purchased a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 3.3%

Shares of NASDAQ DPZ opened at $411.44 on Tuesday. Domino’s Pizza Inc has a 12-month low of $392.89 and a 12-month high of $500.55. The firm’s 50-day moving average price is $416.65 and its 200-day moving average price is $436.11. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 2.00 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $4.19 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DPZ shares. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Morgan Stanley raised their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Finally, TD Cowen reiterated a “hold” rating and issued a $460.00 price target (down from $500.00) on shares of Domino’s Pizza in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $487.31.

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.