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

Wealth Enhancement Advisory Services LLC reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 32.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,260 shares of the restaurant operator’s stock after selling 3,535 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Domino’s Pizza were worth $2,987,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DPZ. Patton Fund Management Inc. acquired a new stake in Domino’s Pizza in the second quarter worth about $203,000. Signaturefd LLC grew its position in shares of Domino’s Pizza by 66.4% during the 2nd quarter. Signaturefd LLC now owns 178 shares of the restaurant operator’s stock worth $80,000 after buying an additional 71 shares during the period. Sound Income Strategies LLC raised its stake in shares of Domino’s Pizza by 11,600.0% during the second quarter. Sound Income Strategies LLC now owns 117 shares of the restaurant operator’s stock worth $53,000 after buying an additional 116 shares during the last quarter. GC Wealth Management RIA LLC lifted its holdings in Domino’s Pizza by 42.0% in the second quarter. GC Wealth Management RIA LLC now owns 1,170 shares of the restaurant operator’s stock valued at $527,000 after buying an additional 346 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Domino’s Pizza by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 3,046 shares of the restaurant operator’s stock valued at $1,373,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 2.1%

DPZ opened at $405.37 on Thursday. The stock has a market capitalization of $13.70 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.95 and a beta of 1.15. Domino’s Pizza Inc has a 12 month low of $382.47 and a 12 month high of $500.55. The firm’s fifty day simple moving average is $416.96 and its 200 day simple moving average is $430.27.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $445.00 price target on shares of Domino’s Pizza in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Wells Fargo & Company lowered their price target on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a research note on Monday, January 5th. Finally, Evercore ISI lowered their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $480.56.

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.