Gateway Investment Advisers LLC boosted its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 97.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,768 shares of the restaurant operator's stock after purchasing an additional 871 shares during the period. Gateway Investment Advisers LLC's holdings in Domino's Pizza were worth $742,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC boosted its position in shares of 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 valued at $28,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought 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 valued at $43,000. Blue Trust Inc. grew its position 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 period. Finally, Rakuten Securities Inc. increased its stake in shares of Domino's Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock worth $57,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 94.63% of the company's stock.
In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company's stock.
Shares of DPZ stock traded up $8.44 on Friday, hitting $427.35. The stock had a trading volume of 526,565 shares, compared to its average volume of 391,002. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The business has a 50 day moving average price of $439.98 and a 200 day moving average price of $433.82. The company has a market cap of $14.76 billion, a PE ratio of 26.25, a P/E/G ratio of 2.05 and a beta of 0.90.
A number of equities research analysts have weighed in on the stock. Benchmark restated a "buy" rating and issued a $520.00 price objective on shares of Domino's Pizza in a report on Friday, October 11th. Morgan Stanley reduced their price objective on Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. BMO Capital Markets dropped their target price on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their price target on Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Finally, Citigroup dropped their price target on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" 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 issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $503.22.
Read Our Latest Report on DPZ
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.
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