CenterBook Partners LP Makes New Investment in Domino’s Pizza Inc $DPZ

CenterBook Partners LP bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,042 shares of the restaurant operator’s stock, valued at approximately $3,472,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Domino’s Pizza by 95.2% in the 2nd quarter. CWM LLC now owns 1,932 shares of the restaurant operator’s stock worth $870,000 after purchasing an additional 942 shares in the last quarter. Nordea Investment Management AB raised its stake in Domino’s Pizza by 12.5% during the second quarter. Nordea Investment Management AB now owns 5,044 shares of the restaurant operator’s stock valued at $2,243,000 after buying an additional 562 shares during the last quarter. Private Trust Co. NA boosted its holdings in Domino’s Pizza by 63.9% in the second quarter. Private Trust Co. NA now owns 118 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 46 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of 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 during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Domino’s Pizza by 32.7% in the second quarter. D.A. Davidson & CO. now owns 7,945 shares of the restaurant operator’s stock worth $3,580,000 after acquiring an additional 1,960 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DPZ. Guggenheim cut their target price on Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. TD Cowen downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Finally, UBS Group set a $500.00 price target on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and an average target price of $476.85.

Domino’s Pizza Stock Up 2.5%

Shares of DPZ opened at $382.99 on Thursday. The business has a 50-day simple moving average of $409.33 and a two-hundred day simple moving average of $421.89. Domino’s Pizza Inc has a 52 week low of $370.70 and a 52 week high of $500.55. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.76 and a beta of 1.15.

Insiders Place Their Bets

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

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.