Miracle Mile Advisors LLC Purchases 652 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Miracle Mile Advisors LLC boosted its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 112.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,231 shares of the restaurant operator’s stock after purchasing an additional 652 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Domino’s Pizza were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the period. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the 3rd quarter valued at $549,399,000. Marshfield Associates increased its holdings in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after acquiring an additional 2,271 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred 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 directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Stephens reduced their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Oppenheimer raised their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Finally, Benchmark reissued a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.93.

Domino’s Pizza Price Performance

DPZ opened at $413.93 on Thursday. The firm has a fifty day moving average price of $441.78 and a 200 day moving average price of $435.03. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $14.29 billion, a P/E ratio of 25.43, a P/E/G ratio of 2.44 and a beta of 0.90.

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.