Oak Asset Management LLC Grows Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Oak Asset Management LLC boosted its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 71.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,537 shares of the restaurant operator’s stock after acquiring an additional 641 shares during the period. Oak Asset Management LLC’s holdings in Domino’s Pizza were worth $645,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DPZ. True Wealth Design LLC grew its holdings in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Domino’s Pizza during the third quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth $43,000. Blue Trust Inc. increased its holdings in shares of Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $410.14 on Tuesday. The stock has a market capitalization of $14.16 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.44 and a beta of 0.90. The company’s 50-day simple moving average is $442.02 and its 200-day simple moving average is $435.73. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DPZ shares. Royal Bank of Canada reduced their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Bank of America cut their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. TD Cowen increased their target price on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Evercore ISI dropped their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $501.93.

Domino’s Pizza Company 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.