KG&L Capital Management LLC Grows Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

KG&L Capital Management LLC grew its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,725 shares of the restaurant operator’s stock after buying an additional 23 shares during the period. KG&L Capital Management LLC’s holdings in Domino’s Pizza were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DPZ. Caprock Group LLC raised its position in shares of Domino’s Pizza by 3.5% during the 4th quarter. Caprock Group LLC now owns 1,269 shares of the restaurant operator’s stock valued at $533,000 after purchasing an additional 43 shares during the period. Country Trust Bank bought a new stake in Domino’s Pizza during the fourth quarter valued at about $29,424,000. Oak Harvest Investment Services lifted its position in shares of Domino’s Pizza by 10.6% in the fourth quarter. Oak Harvest Investment Services now owns 4,381 shares of the restaurant operator’s stock valued at $1,839,000 after acquiring an additional 421 shares in the last quarter. Fortune Financial Advisors LLC boosted its stake in shares of Domino’s Pizza by 6.5% in the fourth quarter. Fortune Financial Advisors LLC now owns 1,846 shares of the restaurant operator’s stock worth $775,000 after acquiring an additional 113 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Domino’s Pizza by 66.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,373 shares of the restaurant operator’s stock worth $1,836,000 after purchasing an additional 1,752 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.4 %

Shares of DPZ opened at $449.12 on Friday. The firm has a fifty day moving average price of $439.28 and a 200-day moving average price of $430.73. The firm has a market capitalization of $15.51 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.24 and a beta of 0.90. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DPZ. Royal Bank of Canada lowered their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company dropped their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Bank of America dropped their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Piper Sandler reduced their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $502.33.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The stock was 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 approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.76% of the stock is currently owned by company insiders.

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.