Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,271 shares of the restaurant operator’s stock after buying an additional 178 shares during the quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $2,213,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after buying an additional 21,705 shares during the period. Allworth Financial LP increased its stake in shares of Domino’s Pizza by 37.6% in the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 41 shares during the period. Principal Securities Inc. raised its holdings in shares of Domino’s Pizza by 3.3% during the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock worth $452,000 after purchasing an additional 34 shares during the last quarter. Littlejohn Financial Services Inc. purchased a new position in shares of Domino’s Pizza during the fourth quarter worth $1,875,000. Finally, Vontobel Holding Ltd. lifted its position in Domino’s Pizza by 26.2% during the fourth quarter. Vontobel Holding Ltd. now owns 9,581 shares of the restaurant operator’s stock valued at $4,022,000 after purchasing an additional 1,988 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DPZ has been the topic of several analyst reports. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Barclays dropped their target price on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Morgan Stanley decreased their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Oppenheimer raised their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Stock Down 2.0 %

Shares of NASDAQ DPZ opened at $462.37 on Friday. The firm has a 50-day simple moving average of $440.97 and a 200-day simple moving average of $434.91. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

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.