IMS Capital Management Sells 33 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

IMS Capital Management decreased its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 953 shares of the restaurant operator’s stock after selling 33 shares during the quarter. IMS Capital Management’s holdings in Domino’s Pizza were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza during the 3rd quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after acquiring 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 lifted its stake in Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Baskin Financial Services Inc. lifted its position in shares of Domino’s Pizza by 1.6% during the fourth quarter. Baskin Financial Services Inc. now owns 78,553 shares of the restaurant operator’s stock valued at $32,973,000 after purchasing an additional 1,235 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 1.8 %

Domino’s Pizza stock opened at $479.88 on Friday. The firm’s 50 day simple moving average is $439.11 and its 200 day simple moving average is $433.03. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The firm has a market capitalization of $16.57 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90.

Wall Street Analysts Forecast Growth

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

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.