Merit Financial Group LLC Invests $354,000 in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Merit Financial Group LLC purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 844 shares of the restaurant operator’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Avanza Fonder AB acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $946,000. Gateway Investment Advisers LLC increased its stake in Domino’s Pizza by 97.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,768 shares of the restaurant operator’s stock valued at $742,000 after buying an additional 871 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Domino’s Pizza by 4.0% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 127,622 shares of the restaurant operator’s stock valued at $53,571,000 after acquiring an additional 4,875 shares in the last quarter. Oak Thistle LLC increased its stake in shares of Domino’s Pizza by 198.5% during the fourth quarter. Oak Thistle LLC now owns 1,848 shares of the restaurant operator’s stock worth $776,000 after acquiring an additional 1,229 shares during the period. Finally, Oak Asset Management LLC raised its holdings in Domino’s Pizza by 71.5% during the fourth quarter. Oak Asset Management LLC now owns 1,537 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 641 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Down 3.0 %

Shares of NASDAQ:DPZ opened at $434.23 on Friday. The company has a market cap of $14.99 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.26 and a beta of 0.90. The business has a fifty day simple moving average of $439.96 and a 200-day simple moving average of $432.22. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Insiders Place Their Bets

In related 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 transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent analyst reports. Piper Sandler reduced their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Stephens lowered their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. TD Cowen upped 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. Finally, Jefferies Financial Group reduced their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza 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.