SG Americas Securities LLC Boosts Holdings in Domino’s Pizza Inc $DPZ

SG Americas Securities LLC boosted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 658.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,481 shares of the restaurant operator’s stock after buying an additional 53,373 shares during the quarter. SG Americas Securities LLC owned approximately 0.18% of Domino’s Pizza worth $26,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DPZ. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after purchasing an additional 36,288 shares in the last quarter. Berkshire Hathaway Inc grew its holdings in Domino’s Pizza by 0.5% during the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock valued at $1,186,821,000 after purchasing an additional 13,255 shares during the period. Invesco Ltd. increased its position in Domino’s Pizza by 3.9% in the second quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator’s stock worth $379,061,000 after buying an additional 31,578 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Domino’s Pizza by 9.0% in the second quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock worth $252,362,000 after buying an additional 46,098 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Domino’s Pizza by 27.0% in the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after buying an additional 108,794 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Piper Sandler restated a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a research report on Monday, November 24th. Citigroup dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $485.58.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $405.50 on Thursday. The company has a market cap of $13.70 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.91 and a beta of 1.15. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The firm’s fifty day moving average is $416.56 and its two-hundred day moving average is $435.61.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 earnings per share. As a group, analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.