Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by AMI Asset Management Corp

AMI Asset Management Corp increased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 70.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,392 shares of the restaurant operator’s stock after purchasing an additional 577 shares during the period. AMI Asset Management Corp’s holdings in Domino’s Pizza were worth $584,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DPZ. True Wealth Design LLC lifted its stake in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza during the third quarter valued at about $43,000. Blue Trust Inc. increased its stake in Domino’s Pizza by 100.0% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 88 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $427.35 on Tuesday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock’s fifty day moving average is $439.59 and its 200-day moving average is $432.88. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DPZ. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. TD Cowen boosted their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Guggenheim dropped their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. Barclays increased their target price on Domino’s Pizza from $370.00 to $412.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Finally, Stephens decreased their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average target price of $502.70.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.