Spire Wealth Management Raises Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Spire Wealth Management lifted its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1,800.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 627 shares of the restaurant operator's stock after acquiring an additional 594 shares during the period. Spire Wealth Management's holdings in Domino's Pizza were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Sylvest Advisors LLC acquired a new position in shares of Domino's Pizza in the 4th quarter valued at about $287,000. Tokio Marine Asset Management Co. Ltd. grew its stake in Domino's Pizza by 1,699.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,308 shares of the restaurant operator's stock valued at $8,944,000 after acquiring an additional 20,124 shares during the period. Capital Insight Partners LLC increased its holdings in Domino's Pizza by 15.9% in the 4th quarter. Capital Insight Partners LLC now owns 1,768 shares of the restaurant operator's stock worth $742,000 after acquiring an additional 242 shares in the last quarter. KG&L Capital Management LLC raised its position in Domino's Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock worth $724,000 after acquiring an additional 23 shares during the period. Finally, Caprock Group LLC raised its position in shares of Domino's Pizza by 3.5% during the 4th quarter. Caprock Group LLC now owns 1,269 shares of the restaurant operator's stock worth $533,000 after purchasing an additional 43 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. Barclays lowered their price target on Domino's Pizza from $412.00 to $402.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Morgan Stanley reduced their price target on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and boosted their target price for the company from $419.00 to $559.00 in a report on Friday, November 8th. TD Cowen increased their price objective on Domino's Pizza from $475.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Oppenheimer boosted their price objective on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $502.33.

Insider Activity at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.76% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ traded up $8.20 during midday trading on Monday, hitting $474.94. 451,030 shares of the company's stock were exchanged, compared to its average volume of 574,907. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm's fifty day simple moving average is $438.49 and its 200-day simple moving average is $432.03. The company has a market cap of $16.40 billion, a PE ratio of 29.17, a P/E/G ratio of 2.46 and a beta of 0.90.

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.