Narwhal Capital Management Boosts Position in Domino’s Pizza Inc $DPZ

Narwhal Capital Management boosted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 68.2% in the third quarter, HoldingsChannel.com reports. The firm owned 12,933 shares of the restaurant operator’s stock after buying an additional 5,246 shares during the quarter. Narwhal Capital Management’s holdings in Domino’s Pizza were worth $5,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Domino’s Pizza by 19.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 3,549 shares of the restaurant operator’s stock valued at $1,532,000 after buying an additional 585 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Domino’s Pizza by 99.8% in the third quarter. Capital Investment Advisors LLC now owns 5,018 shares of the restaurant operator’s stock valued at $2,166,000 after acquiring an additional 2,506 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Domino’s Pizza by 135.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,586 shares of the restaurant operator’s stock valued at $1,116,000 after acquiring an additional 1,486 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Domino’s Pizza by 31.9% during the third quarter. Benjamin Edwards Inc. now owns 6,025 shares of the restaurant operator’s stock worth $2,601,000 after purchasing an additional 1,456 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Domino’s Pizza by 63.9% during the third quarter. Tributary Capital Management LLC now owns 2,812 shares of the restaurant operator’s stock worth $1,214,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group reduced their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Piper Sandler reaffirmed a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a research report on Monday, November 24th. BTIG Research reiterated a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research note on Friday, November 14th. Evercore ISI lowered their target price on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Cowen reaffirmed a “hold” rating and issued a $460.00 target price (down from $500.00) on shares of Domino’s Pizza in a report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $485.74.

Insider Buying and Selling

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

Domino’s Pizza Trading Down 0.4%

Domino’s Pizza stock opened at $405.09 on Friday. The stock has a 50 day moving average of $416.74 and a two-hundred day moving average of $435.04. Domino’s Pizza Inc has a twelve month low of $392.89 and a twelve month high of $500.55. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.91 and a beta of 1.15.

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

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.