Park Avenue Securities LLC Decreases Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Park Avenue Securities LLC lowered its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 891 shares of the restaurant operator’s stock after selling 25 shares during the quarter. Park Avenue Securities LLC’s holdings in Domino’s Pizza were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC lifted its holdings in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth $43,000. Blue Trust Inc. boosted its holdings in shares of Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. grew its position in Domino’s Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $434.23 on Friday. The business has a 50-day moving average of $439.96 and a 200 day moving average of $432.22. The stock has a market capitalization of $14.99 billion, a PE ratio of 26.67, a P/E/G ratio of 2.26 and a beta of 0.90. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

Insider Activity

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 transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on DPZ shares. Oppenheimer lifted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Bank of America decreased their target price on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Royal Bank of Canada lowered their target price on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. BTIG Research cut their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $502.33.

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.