Sumitomo Mitsui DS Asset Management Company Ltd Acquires 103 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,873 shares of the restaurant operator’s stock after purchasing an additional 103 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Domino’s Pizza were worth $1,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. True Wealth Design LLC boosted its stake in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza in the 3rd quarter valued at $43,000. Blue Trust Inc. lifted its position in shares of Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 63 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $93,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $474.94 on Tuesday. The stock has a market capitalization of $16.40 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a 50 day moving average price of $438.49 and a two-hundred day moving average price of $432.03.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’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 transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DPZ shares. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company 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 increased their price target for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Barclays lowered their price objective 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. TD Cowen raised their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Oppenheimer boosted their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza 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.