Domino’s Pizza Inc $DPZ Shares Purchased by Narwhal Capital Management

Narwhal Capital Management increased its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 68.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,933 shares of the restaurant operator’s stock after acquiring an additional 5,246 shares during the period. Narwhal Capital Management’s holdings in Domino’s Pizza were worth $5,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. RMG Wealth Management LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $29,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Domino’s Pizza in the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new stake in Domino’s Pizza in the 2nd quarter valued at about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Domino’s Pizza in the second quarter valued at about $42,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction on 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 completion of the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a research report on Friday, November 14th. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America upped their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada dropped their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company cut their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $485.74.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $405.09 on Friday. The business has a 50-day simple moving average of $416.74 and a 200-day simple moving average of $435.04. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55. The company has a market cap of $13.69 billion, a PE ratio of 23.68, a P/E/G ratio of 1.91 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $4.19 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

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.