Concurrent Investment Advisors LLC Acquires 188 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Concurrent Investment Advisors LLC lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,357 shares of the restaurant operator’s stock after purchasing an additional 188 shares during the period. Concurrent Investment Advisors LLC’s holdings in Domino’s Pizza were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DPZ. KG&L Capital Management LLC raised its position in Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust increased its stake in shares of Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the period. Stephens Inc. AR raised its holdings in shares of Domino’s Pizza by 1.3% in the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after acquiring an additional 31 shares in the last quarter. Principal Securities Inc. lifted its stake in Domino’s Pizza by 3.3% in the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock worth $452,000 after acquiring an additional 34 shares during the period. Finally, Shepherd Financial Partners LLC grew its holdings in Domino’s Pizza by 2.0% during the 3rd quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator’s stock worth $863,000 after acquiring an additional 40 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Down 2.0 %

Domino’s Pizza stock opened at $462.37 on Friday. The stock has a 50-day moving average price of $440.97 and a 200 day moving average price of $434.95. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.47 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.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several recent research reports. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup boosted 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 note on Wednesday. Barclays lowered their target price 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. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Oppenheimer upped their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $505.67.

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.