BAM Wealth Management LLC Invests $743,000 in Domino’s Pizza Inc $DPZ

BAM Wealth Management LLC purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,722 shares of the restaurant operator’s stock, valued at approximately $743,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. RMG Wealth Management LLC purchased a new position in shares of Domino’s Pizza during the second quarter valued at approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Domino’s Pizza in the second quarter valued at $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in Domino’s Pizza during the 2nd quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in Domino’s Pizza in the 2nd quarter worth $34,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DPZ. Royal Bank Of Canada reduced their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 15th. Barclays reduced their target price 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. BTIG Research restated a “buy” rating and issued a $530.00 target price on shares of Domino’s Pizza in a research note on Friday, November 14th. Stifel Nicolaus dropped their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Finally, TD Cowen cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Two research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average price target of $482.04.

Domino’s Pizza Stock Up 1.5%

Shares of DPZ opened at $411.50 on Friday. The stock has a market cap of $13.90 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.91 and a beta of 1.15. The business’s 50 day moving average price is $416.45 and its 200-day moving average price is $431.61. Domino’s Pizza Inc has a 52 week low of $382.47 and a 52 week high of $500.55.

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 on Tuesday, December 16th. The stock was 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 in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.