Cabot Wealth Management Inc. Grows Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Cabot Wealth Management Inc. grew its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,000 shares of the restaurant operator’s stock after acquiring an additional 1,738 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Domino’s Pizza were worth $7,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the third quarter worth $549,399,000. Champlain Investment Partners LLC purchased a new position in Domino’s Pizza in the third quarter worth $99,352,000. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $98,545,000 after purchasing an additional 2,201 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $462.37 on Friday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company has a 50-day simple moving average of $440.97 and a two-hundred day simple moving average of $434.95. The firm has a market capitalization of $15.97 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DPZ. Barclays lowered their target price on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday. Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup increased their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.67.

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.