Cornerstone Wealth Group LLC Purchases New Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Cornerstone Wealth Group LLC purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 14,478 shares of the restaurant operator’s stock, valued at approximately $6,077,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after purchasing an additional 23,681 shares during the period. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the third quarter valued at $549,399,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after acquiring an additional 522,490 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at approximately $99,352,000. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DPZ shares. TD Cowen boosted their target price on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley cut their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Evercore ISI lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Wedbush restated an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, Barclays dropped their price objective on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $502.33.

Domino’s Pizza Stock Down 3.0 %

Shares of DPZ opened at $434.23 on Monday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a market capitalization of $14.99 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90. The firm has a 50 day moving average of $439.96 and a 200 day moving average of $431.58.

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.