Wealth Enhancement Advisory Services LLC Has $2.99 Million Stake in Domino’s Pizza Inc $DPZ

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 32.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,260 shares of the restaurant operator’s stock after selling 3,535 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Domino’s Pizza were worth $2,987,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in Domino’s Pizza by 17.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,947 shares of the restaurant operator’s stock valued at $841,000 after acquiring an additional 294 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Domino’s Pizza by 22.9% in the third quarter. QRG Capital Management Inc. now owns 804 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 150 shares in the last quarter. First National Advisers LLC lifted its position in Domino’s Pizza by 5.0% in the third quarter. First National Advisers LLC now owns 804 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 38 shares during the period. Ritholtz Wealth Management boosted its stake in Domino’s Pizza by 1.1% during the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock worth $1,028,000 after buying an additional 27 shares in the last quarter. Finally, Country Trust Bank increased its holdings in Domino’s Pizza by 8.9% in the 3rd quarter. Country Trust Bank now owns 67,980 shares of the restaurant operator’s stock valued at $29,348,000 after buying an additional 5,538 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $405.37 on Thursday. The business has a fifty day moving average price of $416.96 and a 200 day moving average price of $430.27. 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 $13.70 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.95 and a beta of 1.15.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Hovde Group set a $460.00 target price on shares of Domino’s Pizza in a research report on Monday, January 5th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. 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 report on Thursday, January 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group dropped their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average price target of $480.56.

Insider Activity

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction dated 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. The trade was a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza 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.