Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,271 shares of the restaurant operator’s stock after acquiring an additional 178 shares during the quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $2,213,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DPZ. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza in the third quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC raised its position in Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after purchasing an additional 8,136 shares during the period. Empowered Funds LLC lifted its stake in shares of Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 1.0% during 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 increased 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 worth $4,024,000 after purchasing an additional 1,404 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $462.37 on Friday. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The firm has a market capitalization of $15.97 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. The business’s fifty day moving average price is $440.97 and its 200 day moving average price is $434.91.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday. Citigroup upped their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays dropped 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. Oppenheimer upped their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, TD Cowen lifted their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $505.67.

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.