Baskin Financial Services Inc. Buys 1,235 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Baskin Financial Services Inc. lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,553 shares of the restaurant operator’s stock after acquiring an additional 1,235 shares during the period. Domino’s Pizza accounts for 2.6% of Baskin Financial Services Inc.’s portfolio, making the stock its 19th largest position. Baskin Financial Services Inc. owned 0.23% of Domino’s Pizza worth $32,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza during the 3rd quarter valued at about $43,000. Blue Trust Inc. increased its position in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 63 shares in the last quarter. Rakuten Securities Inc. raised its stake in Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 88 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Domino’s Pizza in the third quarter worth about $93,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DPZ has been the subject of several research analyst reports. BMO Capital Markets decreased 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 decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Oppenheimer upped their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stephens lowered their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. One research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza Trading Down 0.4 %

Shares of Domino’s Pizza stock opened at $449.12 on Monday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm’s 50-day moving average price is $439.28 and its 200 day moving average price is $430.01. The firm has a market capitalization of $15.51 billion, a PE ratio of 27.59, a P/E/G ratio of 2.24 and a beta of 0.90.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated 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 directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

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.