Douglas Lane & Associates LLC Trims Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Douglas Lane & Associates LLC cut its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,170 shares of the restaurant operator’s stock after selling 141 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Domino’s Pizza were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its position in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $43,000. Blue Trust Inc. grew its holdings in shares of Domino’s Pizza by 100.0% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 88 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $412.69 on Thursday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The company’s 50-day moving average is $442.91 and its 200 day moving average is $438.78. The stock has a market capitalization of $14.25 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $4.18 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DPZ shares. Stephens dropped their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company cut their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Morgan Stanley lowered their price target on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. TD Cowen upped their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Piper Sandler reduced their price objective 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.38.

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.