Liberty One Investment Management LLC Raises Position in Domino’s Pizza Inc $DPZ

Liberty One Investment Management LLC lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 31.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,029 shares of the restaurant operator’s stock after purchasing an additional 3,327 shares during the quarter. Liberty One Investment Management LLC’s holdings in Domino’s Pizza were worth $6,056,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its stake in Domino’s Pizza by 68.5% in the first quarter. Geneos Wealth Management Inc. now owns 251 shares of the restaurant operator’s stock valued at $115,000 after buying an additional 102 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Domino’s Pizza by 78.7% in the 2nd quarter. Parallel Advisors LLC now owns 938 shares of the restaurant operator’s stock valued at $423,000 after purchasing an additional 413 shares during the last quarter. Gallacher Capital Management LLC purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $251,000. Czech National Bank grew its position in Domino’s Pizza by 5.5% during the 2nd quarter. Czech National Bank now owns 8,369 shares of the restaurant operator’s stock worth $3,771,000 after purchasing an additional 438 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of Domino’s Pizza by 16.5% during the second quarter. Procyon Advisors LLC now owns 4,431 shares of the restaurant operator’s stock valued at $1,997,000 after buying an additional 629 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Cowen restated a “hold” rating and issued a $460.00 target price (down previously from $500.00) on shares of Domino’s Pizza in a research note on Monday, January 5th. Barclays cut their price objective on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Hovde Group set a $460.00 target price on Domino’s Pizza in a report on Monday, January 5th. Evercore ISI dropped their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $485.74.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the company’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 owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Up 2.7%

Shares of DPZ stock opened at $415.95 on Tuesday. Domino’s Pizza Inc has a twelve month low of $392.89 and a twelve month high of $500.55. The stock has a market cap of $14.05 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.91 and a beta of 1.15. The stock has a 50 day moving average of $416.99 and a 200 day moving average of $434.47.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $4.19 EPS. On average, research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

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.