Assenagon Asset Management S.A. Sells 102,490 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Assenagon Asset Management S.A. reduced its stake in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 98.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,474 shares of the restaurant operator’s stock after selling 102,490 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Domino’s Pizza were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DPZ. Twin Lakes Capital Management LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $31,000. GPS Wealth Strategies Group LLC boosted its position in shares of Domino’s Pizza by 1,300.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 84 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 78 shares in the last quarter. Private Trust Co. NA bought a new position in Domino’s Pizza in the 2nd quarter valued at approximately $35,000. First Horizon Advisors Inc. lifted its position in Domino’s Pizza by 209.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 65 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Domino’s Pizza in the 3rd quarter valued at approximately $50,000. 90.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James A. Goldman sold 399 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $330.00, for a total value of $131,670.00. Following the completion of the transaction, the director now owns 6,123 shares of the company’s stock, valued at approximately $2,020,590. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Patricia E. Lopez sold 244 shares of the company’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $351.93, for a total value of $85,870.92. Following the completion of the transaction, the director now owns 1,519 shares of the company’s stock, valued at approximately $534,581.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James A. Goldman sold 399 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $330.00, for a total transaction of $131,670.00. Following the completion of the transaction, the director now directly owns 6,123 shares of the company’s stock, valued at approximately $2,020,590. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on DPZ. The Goldman Sachs Group lowered their price objective on Domino’s Pizza from $432.00 to $373.00 and set a “neutral” rating on the stock in a research report on Friday, October 14th. Barclays lowered their price objective on Domino’s Pizza from $315.00 to $299.00 and set an “underweight” rating on the stock in a research report on Thursday, January 5th. Robert W. Baird lowered their price objective on Domino’s Pizza from $435.00 to $400.00 in a research report on Friday, October 14th. Oppenheimer decreased their target price on shares of Domino’s Pizza from $445.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 3rd. Finally, Evercore ISI decreased their target price on shares of Domino’s Pizza to $450.00 in a research note on Thursday, October 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $396.24.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $337.44 on Tuesday. The company has a market capitalization of $11.95 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.90 and a beta of 0.75. The company has a fifty day moving average of $360.42 and a 200 day moving average of $363.31. Domino’s Pizza, Inc. has a fifty-two week low of $299.41 and a fifty-two week high of $474.92.

Domino’s Pizza Company Profile

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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza 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.