Jennison Associates LLC Sells 75,342 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Jennison Associates LLC trimmed its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 35.1% in the fourth quarter, HoldingsChannel reports. The firm owned 139,131 shares of the restaurant operator’s stock after selling 75,342 shares during the period. Jennison Associates LLC’s holdings in Domino’s Pizza were worth $58,402,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $362,000. Creative Planning boosted its position in Domino’s Pizza by 10.4% in the second quarter. Creative Planning now owns 2,597 shares of the restaurant operator’s stock worth $1,341,000 after purchasing an additional 244 shares during the last quarter. Cetera Investment Advisers grew its stake in Domino’s Pizza by 29.7% in the 2nd quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock valued at $5,171,000 after purchasing an additional 2,294 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $1,556,000. Finally, Czech National Bank grew its position in Domino’s Pizza by 7.2% during the third quarter. Czech National Bank now owns 7,124 shares of the restaurant operator’s stock valued at $3,064,000 after buying an additional 478 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DPZ shares. TD Cowen raised their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BMO Capital Markets cut their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Oppenheimer upped their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup lowered their target price 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. Finally, Piper Sandler cut their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $502.33.

Domino’s Pizza Stock Up 1.5 %

Shares of Domino’s Pizza stock opened at $455.85 on Tuesday. The company has a market cap of $15.74 billion, a PE ratio of 28.00, a P/E/G ratio of 2.35 and a beta of 0.90. The business has a 50 day moving average of $439.01 and a 200 day moving average of $430.34. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

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.