Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,357 shares of the restaurant operator’s stock after buying an additional 188 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Domino’s Pizza were worth $989,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DPZ. FMR LLC raised its position in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at approximately $549,399,000. Champlain Investment Partners LLC acquired a new position in shares of Domino’s Pizza in the 3rd quarter valued at $99,352,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 2.0 %

Shares of NASDAQ:DPZ opened at $462.37 on Friday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The business has a fifty day moving average of $440.97 and a two-hundred day moving average of $434.95. The stock has a market cap of $15.97 billion, a P/E ratio of 28.40, a PEG ratio of 2.47 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays reduced their price target on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Oppenheimer increased their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday. Finally, Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $505.67.

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.