National Pension Service Sells 1,444 Shares of Domino’s Pizza Inc $DPZ

National Pension Service trimmed its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 42.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,957 shares of the restaurant operator’s stock after selling 1,444 shares during the period. National Pension Service’s holdings in Domino’s Pizza were worth $845,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Domino’s Pizza in the 2nd quarter worth approximately $202,680,000. Sterling Capital Management LLC raised its position in shares of Domino’s Pizza by 2,076.8% during the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after acquiring an additional 171,811 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Domino’s Pizza by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after acquiring an additional 108,794 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Domino’s Pizza during the second quarter valued at $34,831,000. Finally, Bank of Nova Scotia boosted its holdings in Domino’s Pizza by 1,891.7% in the second quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after acquiring an additional 68,309 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares in the company, valued at $2,927,300.64. This represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $401.11 on Wednesday. The stock has a market cap of $13.55 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.93 and a beta of 1.15. The firm has a 50 day moving average price of $417.02 and a 200 day moving average price of $428.29. Domino’s Pizza Inc has a 52-week low of $382.47 and a 52-week high of $500.55.

Analysts Set New Price Targets

Several analysts have weighed in on DPZ shares. Royal Bank Of Canada dropped their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. Mizuho upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company dropped their price target on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. TD Cowen cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $455.00 target price (down previously from $535.00) on shares of Domino’s Pizza in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $480.56.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.