Bp Plc trimmed its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 43.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,160 shares of the restaurant operator’s stock after selling 1,640 shares during the period. Bp Plc’s holdings in Domino’s Pizza were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of Domino’s Pizza by 76.2% in the third quarter. CWM LLC now owns 111 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 48 shares during the period. NEXT Financial Group Inc bought a new position in Domino’s Pizza during the third quarter worth $30,000. MAI Capital Management raised its stake in Domino’s Pizza by 12.3% during the 3rd quarter. MAI Capital Management now owns 18,043 shares of the restaurant operator’s stock valued at $7,673,000 after purchasing an additional 1,981 shares during the last quarter. Syntal Capital Partners LLC acquired a new stake in Domino’s Pizza in the 3rd quarter worth $1,474,000. Finally, Baskin Financial Services Inc. increased its holdings in shares of Domino’s Pizza by 4.7% during the 3rd quarter. Baskin Financial Services Inc. now owns 63,739 shares of the restaurant operator’s stock worth $27,107,000 after purchasing an additional 2,859 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
In related news, CFO Jeffrey D. Lawrence sold 4,690 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $403.53, for a total value of $1,892,555.70. Following the sale, the chief financial officer now owns 3,417 shares of the company’s stock, valued at approximately $1,378,862.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.74% of the stock is owned by corporate insiders.
Shares of NYSE:DPZ opened at $365.16 on Tuesday. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.14 and a beta of 0.38. Domino’s Pizza, Inc. has a 12 month low of $275.22 and a 12 month high of $435.58. The company’s fifty day simple moving average is $379.08 and its 200 day simple moving average is $392.21.
Several brokerages recently issued reports on DPZ. MKM Partners lowered their price target on Domino’s Pizza from $445.00 to $440.00 and set a “neutral” rating on the stock in a research note on Thursday, January 7th. Robert W. Baird reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Sunday. Stephens lowered shares of Domino’s Pizza from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $440.00 to $360.00 in a research report on Thursday, January 7th. Evercore ISI assumed coverage on Domino’s Pizza in a report on Thursday, December 17th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Domino’s Pizza from $406.00 to $415.00 and gave the stock a “hold” rating in a research report on Thursday, February 4th. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Buy” and an average target price of $424.96.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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