Investors Buy Shares of Domino’s Pizza (DPZ) on Weakness

Traders bought shares of Domino’s Pizza, Inc. (NYSE:DPZ) on weakness during trading hours on Tuesday. $115.39 million flowed into the stock on the tick-up and $39.73 million flowed out of the stock on the tick-down, for a money net flow of $75.66 million into the stock. Of all companies tracked, Domino’s Pizza had the 12th highest net in-flow for the day. Domino’s Pizza traded down ($4.03) for the day and closed at $263.43

A number of research firms have recently weighed in on DPZ. Cowen began coverage on Domino’s Pizza in a research note on Friday, January 11th. They issued an “outperform” rating and a $290.00 target price for the company. UBS Group set a $285.00 target price on Domino’s Pizza and gave the company a “hold” rating in a research note on Sunday. Wells Fargo & Co boosted their price target on Domino’s Pizza from $255.00 to $260.00 and gave the company a “market perform” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 price target on the stock in a report on Monday, January 14th. Finally, BTIG Research boosted their price target on Domino’s Pizza to $335.00 and gave the company a “buy” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino’s Pizza presently has a consensus rating of “Buy” and an average price target of $279.05.

The firm has a market cap of $11.12 billion, a PE ratio of 49.33, a PEG ratio of 1.65 and a beta of 0.57.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the transaction, the chief executive officer now owns 44,864 shares in the company, valued at approximately $12,530,963.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.97% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Willingdon Wealth Management purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $111,000. First Hawaiian Bank purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $142,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Domino’s Pizza by 257.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 582 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 419 shares during the period. Congress Park Capital LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $206,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $223,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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Domino’s Pizza Company Profile (NYSE:DPZ)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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