Allspring Global Investments Holdings LLC Raises Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Allspring Global Investments Holdings LLC increased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 43.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,521 shares of the restaurant operator’s stock after buying an additional 9,877 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Domino’s Pizza worth $14,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the third quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC grew its position in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC increased its position in Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares during the period. Finally, Commerce Bank grew its position in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after acquiring an additional 1,404 shares during the period. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DPZ. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. TD Cowen upped their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley cut their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Barclays reduced their target price 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, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $502.33.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $476.66 on Tuesday. The business has a 50 day simple moving average of $439.82 and a 200-day simple moving average of $433.79. The stock has a market capitalization of $16.46 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

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.