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

Principal Financial Group Inc. lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 5.22% of Domino’s Pizza worth $760,939,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Railway Pension Investments Ltd grew its stake in shares of Domino’s Pizza by 304.2% in the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after purchasing an additional 7,300 shares during the period. DekaBank Deutsche Girozentrale grew its position in Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock valued at $3,631,000 after acquiring an additional 228 shares during the period. Berkshire Hathaway Inc raised its stake in Domino’s Pizza by 0.5% during the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after acquiring an additional 13,255 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in Domino’s Pizza during the third quarter worth $16,598,000. Finally, Bank of Nova Scotia lifted its holdings in shares of Domino’s Pizza by 1,891.7% during the second quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after acquiring an additional 68,309 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Morgan Stanley restated an “equal weight” rating and issued a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Guggenheim reduced their target price on Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $480.56.

Insider Buying and Selling at Domino’s Pizza

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

Domino’s Pizza Price Performance

DPZ stock opened at $410.33 on Friday. The company has a 50 day moving average price of $417.22 and a 200 day moving average price of $429.42. Domino’s Pizza Inc has a fifty-two week low of $382.47 and a fifty-two week high of $500.55. The stock has a market capitalization of $13.87 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.15.

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.