Nisa Investment Advisors LLC Increases Stock Position in Domino’s Pizza Inc $DPZ

Nisa Investment Advisors LLC boosted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 135.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,586 shares of the restaurant operator’s stock after acquiring an additional 1,486 shares during the period. Nisa Investment Advisors LLC’s holdings in Domino’s Pizza were worth $1,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its holdings in Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after acquiring an additional 228 shares in the last quarter. Berkshire Hathaway Inc raised its position in shares of Domino’s Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after purchasing an additional 13,255 shares during the last quarter. Railway Pension Investments Ltd boosted its stake in Domino’s Pizza by 304.2% in the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock worth $4,188,000 after purchasing an additional 7,300 shares in the last quarter. Bank of Nova Scotia grew its position in Domino’s Pizza by 1,891.7% during the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after purchasing an additional 68,309 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in Domino’s Pizza by 2,076.8% during the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after purchasing an additional 171,811 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Trading Down 0.9%

Shares of DPZ opened at $407.38 on Thursday. The firm has a fifty day simple moving average of $417.21 and a two-hundred day simple moving average of $434.03. The firm has a market cap of $13.77 billion, a PE ratio of 23.81, a P/E/G ratio of 1.93 and a beta of 1.15. Domino’s Pizza Inc has a 1-year low of $392.89 and a 1-year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.19 EPS. As a group, research analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Hovde Group set a $460.00 price objective on shares of Domino’s Pizza in a report on Monday, January 5th. Morgan Stanley increased their target price on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus lowered their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $485.74.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.