Summit Trail Advisors LLC Reduces Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Summit Trail Advisors LLC decreased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 621 shares of the restaurant operator’s stock after selling 28 shares during the period. Summit Trail Advisors LLC’s holdings in Domino’s Pizza were worth $261,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino’s Pizza during the third quarter worth about $43,000. Blue Trust Inc. grew its stake in shares of Domino’s Pizza by 100.0% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 88 shares during the period. Finally, ORG Wealth Partners LLC raised its position in Domino’s Pizza by 21.3% during the 4th quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 46 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 0.5 %

Shares of DPZ opened at $471.47 on Thursday. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.46 and a beta of 0.90. The business’s fifty day simple moving average is $438.82 and its two-hundred day simple moving average is $432.71. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $419.00 to $559.00 in a report on Friday, November 8th. Oppenheimer boosted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen boosted their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $502.33.

Domino’s Pizza Company Profile

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.