New York State Common Retirement Fund Sells 1,400 Shares of Domino’s Pizza Inc $DPZ

New York State Common Retirement Fund reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,523 shares of the restaurant operator’s stock after selling 1,400 shares during the period. New York State Common Retirement Fund owned 0.06% of Domino’s Pizza worth $8,428,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DPZ. Janney Montgomery Scott LLC raised its stake in shares of Domino’s Pizza by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 3,046 shares of the restaurant operator’s stock valued at $1,373,000 after buying an additional 141 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Domino’s Pizza by 4.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,762 shares of the restaurant operator’s stock valued at $2,146,000 after acquiring an additional 223 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at $101,000. QRG Capital Management Inc. grew its position in Domino’s Pizza by 4.5% during the second quarter. QRG Capital Management Inc. now owns 654 shares of the restaurant operator’s stock worth $295,000 after buying an additional 28 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in shares of Domino’s Pizza during the second quarter worth about $220,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Up 0.2%

Domino’s Pizza stock opened at $401.73 on Thursday. The firm has a fifty day simple moving average of $416.74 and a two-hundred day simple moving average of $428.11. Domino’s Pizza Inc has a twelve month low of $382.47 and a twelve month high of $500.55. The company has a market capitalization of $13.57 billion, a PE ratio of 23.48, a P/E/G ratio of 1.89 and a beta of 1.15.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Wells Fargo & Company lowered their price objective on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Guggenheim cut their target price on shares of Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Barclays reduced their target price on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average price target of $480.56.

Domino’s Pizza Profile

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.