Aberdeen Group plc Increases Stock Holdings in Domino’s Pizza Inc $DPZ

Aberdeen Group plc grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,823 shares of the restaurant operator’s stock after buying an additional 2,615 shares during the period. Aberdeen Group plc owned 0.09% of Domino’s Pizza worth $12,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Atlantic Union Bankshares Corp acquired a new stake in Domino’s Pizza in the 2nd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Domino’s Pizza during the second quarter worth $42,000. Westpac Banking Corp increased its holdings in shares of Domino’s Pizza by 31.2% in the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Domino’s Pizza in the second quarter valued at approximately $46,000. Finally, Smartleaf Asset Management LLC raised its stake in Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 43 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research analyst reports. UBS Group set a $500.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a research report on Friday, February 13th. Wells Fargo & Company cut their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Finally, TD Cowen lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Two equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $475.74.

Domino’s Pizza Trading Up 0.6%

Shares of NASDAQ:DPZ opened at $385.13 on Friday. The firm’s 50 day moving average is $408.36 and its two-hundred day moving average is $421.64. The firm has a market capitalization of $13.01 billion, a P/E ratio of 22.51, a PEG ratio of 1.81 and a beta of 1.15. Domino’s Pizza Inc has a 52 week low of $370.70 and a 52 week high of $500.55.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

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.