Narwhal Capital Management Increases Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Narwhal Capital Management increased its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 84.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,728 shares of the restaurant operator’s stock after purchasing an additional 4,915 shares during the period. Narwhal Capital Management’s holdings in Domino’s Pizza were worth $4,503,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Berkshire Hathaway Inc purchased a new stake in shares of Domino’s Pizza during the third quarter valued at about $549,399,000. International Assets Investment Management LLC raised its stake in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. FMR LLC lifted 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 during the last quarter. Champlain Investment Partners LLC acquired a new stake in Domino’s Pizza in the third quarter valued at approximately $99,352,000. Finally, Jennison Associates LLC grew its holdings in Domino’s Pizza by 75.3% in the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after purchasing an additional 92,137 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $434.23 on Monday. The firm has a fifty day moving average of $439.96 and a 200 day moving average of $431.58. The firm has a market cap of $14.99 billion, a PE ratio of 26.67, a PEG ratio of 2.26 and a beta of 0.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DPZ shares. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. TD Cowen boosted their price target on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Barclays dropped their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, BTIG Research decreased their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $502.33.

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.