iA Global Asset Management Inc. Has $3.11 Million Position in Domino’s Pizza Inc $DPZ

iA Global Asset Management Inc. raised its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 28.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,209 shares of the restaurant operator’s stock after buying an additional 1,588 shares during the period. iA Global Asset Management Inc.’s holdings in Domino’s Pizza were worth $3,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Domino’s Pizza by 4.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,229 shares of the restaurant operator’s stock valued at $554,000 after buying an additional 55 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Domino’s Pizza by 7.5% during the second quarter. Park Avenue Securities LLC now owns 964 shares of the restaurant operator’s stock worth $434,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Domino’s Pizza by 7.2% during the second quarter. GAMMA Investing LLC now owns 607 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 41 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Domino’s Pizza by 108.2% in the second quarter. Public Employees Retirement System of Ohio now owns 22,291 shares of the restaurant operator’s stock worth $10,044,000 after purchasing an additional 11,584 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in Domino’s Pizza in the second quarter valued at $3,270,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $411.50 on Friday. The company has a market cap of $13.90 billion, a P/E ratio of 24.05, a PEG ratio of 1.94 and a beta of 1.15. The stock has a 50 day simple moving average of $416.45 and a two-hundred day simple moving average of $431.42. Domino’s Pizza Inc has a fifty-two week low of $382.47 and a fifty-two week high of $500.55.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DPZ. Evercore ISI cut their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Hovde Group set a $460.00 price objective on Domino’s Pizza in a research note on Monday, January 5th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday. Citigroup lowered their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Piper Sandler restated a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $482.04.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction 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 sale, the executive vice president owned 6,744 shares in the company, valued at $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by company insiders.

About Domino’s Pizza

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.