Oak Asset Management LLC Acquires 641 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

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

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its position in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 valued at $716,681,000 after purchasing an additional 23,681 shares during the period. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $549,399,000. Marshfield Associates grew its stake in Domino’s Pizza by 0.3% in the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after purchasing an additional 2,271 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $410.14 on Tuesday. The stock has a 50-day simple moving average of $442.02 and a two-hundred day simple moving average of $435.73. The firm has a market capitalization of $14.16 billion, a PE ratio of 25.19, a P/E/G ratio of 2.44 and a beta of 0.90. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the 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 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 SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America dropped their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Royal Bank of Canada cut their price objective on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Piper Sandler lowered their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Guggenheim lowered their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $501.93.

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.