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

Narwhal Capital Management boosted its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 84.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,728 shares of the restaurant operator’s stock after buying an additional 4,915 shares during the period. Narwhal Capital Management’s holdings in Domino’s Pizza were worth $4,503,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DPZ. American Century Companies Inc. grew its holdings in shares of Domino’s Pizza by 48.9% during the 2nd quarter. American Century Companies Inc. now owns 4,026 shares of the restaurant operator’s stock worth $2,079,000 after purchasing an additional 1,323 shares during the period. Thrivent Financial for Lutherans lifted its position in Domino’s Pizza by 26.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,441 shares of the restaurant operator’s stock valued at $2,293,000 after buying an additional 915 shares during the last quarter. Marshall Wace LLP purchased a new position in Domino’s Pizza during the second quarter worth about $4,554,000. Toronto Dominion Bank increased its position in shares of Domino’s Pizza by 4.7% during the second quarter. Toronto Dominion Bank now owns 13,017 shares of the restaurant operator’s stock valued at $6,721,000 after acquiring an additional 585 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $1,342,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several research reports. Royal Bank of Canada dropped their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. BTIG Research decreased their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Stephens lowered their target price on 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. Finally, Morgan Stanley cut their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $502.33.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Trading Down 3.0 %

Shares of Domino’s Pizza stock opened at $434.23 on Monday. The company has a fifty day simple moving average of $439.96 and a 200-day simple moving average of $431.58. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.26 and a beta of 0.90. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza Company 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.