Illinois Municipal Retirement Fund Increases Holdings in Domino’s Pizza Inc $DPZ

Illinois Municipal Retirement Fund raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,301 shares of the restaurant operator’s stock after acquiring an additional 1,444 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Domino’s Pizza worth $8,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza during the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $42,000. Westpac Banking Corp raised its holdings in Domino’s Pizza by 31.2% in the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 24 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Domino’s Pizza in the 2nd quarter valued at approximately $46,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Hovde Group set a $460.00 target price on Domino’s Pizza in a report on Monday, January 5th. Guggenheim dropped their price objective on Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. TD Cowen lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, January 5th. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $476.85.

Domino’s Pizza Stock Down 1.6%

Domino’s Pizza stock opened at $375.50 on Friday. Domino’s Pizza Inc has a 52-week low of $373.41 and a 52-week high of $500.55. The company has a market cap of $12.69 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.80 and a beta of 1.15. The business has a 50-day simple moving average of $411.79 and a two-hundred day simple moving average of $424.12.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Company 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.