Ontario Teachers Pension Plan Board Boosts Stake in Domino’s Pizza Inc $DPZ

Ontario Teachers Pension Plan Board lifted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 138.3% during the third quarter, HoldingsChannel.com reports. The fund owned 8,941 shares of the restaurant operator’s stock after purchasing an additional 5,189 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Domino’s Pizza were worth $3,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. CenterBook Partners LP acquired a new stake in shares of Domino’s Pizza during the third quarter worth about $3,472,000. First National Bank of Omaha purchased a new stake in Domino’s Pizza during the 3rd quarter valued at approximately $1,307,000. Drucker Wealth 3.0 LLC lifted its position in Domino’s Pizza by 81.9% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,586 shares of the restaurant operator’s stock worth $685,000 after acquiring an additional 714 shares during the period. NEOS Investment Management LLC lifted its position in Domino’s Pizza by 36.8% during the 3rd quarter. NEOS Investment Management LLC now owns 662 shares of the restaurant operator’s stock worth $286,000 after acquiring an additional 178 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at approximately $860,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DPZ. Evercore decreased their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Citigroup lowered their target price on shares of Domino’s Pizza from $460.00 to $420.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Barclays cut their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a report on Wednesday, January 7th. Finally, TD Cowen lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Two 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $475.74.

Domino’s Pizza Trading Up 2.5%

DPZ stock opened at $382.99 on Thursday. The company has a market cap of $12.94 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.76 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. The company’s 50-day moving average price is $409.33 and its 200 day moving average price is $421.89.

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.