Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,628 shares of the restaurant operator’s stock after purchasing an additional 57 shares during the period. Brookstone Capital Management’s holdings in Domino’s Pizza were worth $2,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its holdings in 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 valued at $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza during the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza during the 3rd quarter valued at about $43,000. Blue Trust Inc. increased its holdings in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the company from $419.00 to $559.00 in a report on Friday, November 8th. Piper Sandler lowered their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Stephens lowered their price target 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. Citigroup lowered their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $450.00 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, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.93.

Domino’s Pizza Stock Down 0.5 %

Shares of DPZ stock opened at $413.93 on Thursday. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm’s 50 day moving average price is $441.78 and its two-hundred day moving average price is $435.03.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Profile

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.