Baskin Financial Services Inc. increased its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,553 shares of the restaurant operator's stock after buying an additional 1,235 shares during the quarter. Domino's Pizza comprises about 2.6% of Baskin Financial Services Inc.'s portfolio, making the stock its 19th biggest position. Baskin Financial Services Inc. owned approximately 0.23% of Domino's Pizza worth $32,973,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new stake in shares of Domino's Pizza in the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC raised its stake in shares of Domino's Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after purchasing an additional 8,136 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Domino's Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock valued at $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Commerce Bank boosted its position in shares of Domino's Pizza by 17.7% during the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator's stock valued at $4,024,000 after buying an additional 1,404 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Domino's Pizza during the third quarter valued at approximately $1,154,000. Institutional investors own 94.63% of the company's stock.
Insider Transactions at Domino's Pizza
In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company's stock.
Domino's Pizza Stock Performance
NASDAQ DPZ traded up $15.81 during trading hours on Thursday, hitting $470.56. The company had a trading volume of 464,785 shares, compared to its average volume of 585,774. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.35 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. The firm has a 50 day simple moving average of $438.48 and a 200 day simple moving average of $431.22.
Analyst Ratings Changes
Several brokerages have weighed in on DPZ. Wedbush restated an "outperform" rating and set a $470.00 price objective on shares of Domino's Pizza in a research note on Friday, October 11th. TD Cowen raised their price target on shares of Domino's Pizza from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, November 25th. BMO Capital Markets reduced their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 11th. Citigroup dropped their target price on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Finally, Morgan Stanley cut their target price on 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $502.33.
Get Our Latest Analysis on Domino's Pizza
About Domino's Pizza
(
Free Report)
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.
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