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

Summit Trail Advisors LLC lowered its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 621 shares of the restaurant operator’s stock after selling 28 shares during the quarter. Summit Trail Advisors LLC’s holdings in Domino’s Pizza were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DPZ. Kestra Private Wealth Services LLC increased its stake in shares of Domino’s Pizza by 7.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,895 shares of the restaurant operator’s stock worth $795,000 after purchasing an additional 127 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Domino’s Pizza during the fourth quarter valued at $41,701,000. Stephens Inc. AR grew its holdings in Domino’s Pizza by 1.3% during the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after purchasing an additional 31 shares during the period. Entropy Technologies LP purchased a new stake in Domino’s Pizza in the fourth quarter worth about $540,000. Finally, Empowered Funds LLC lifted its position in shares of Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after buying an additional 1,762 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several analyst reports. Barclays reduced 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 report on Friday, January 24th. Morgan Stanley reduced 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 note on Tuesday, January 21st. Oppenheimer upped their target price 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. TD Cowen increased their price target on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $502.33.

Insider Activity

In other Domino’s Pizza 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 transaction, the executive vice president now owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 0.5 %

DPZ opened at $471.47 on Thursday. The stock has a 50-day moving average of $438.82 and a 200 day moving average of $432.71. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The firm has a market cap of $16.28 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.46 and a beta of 0.90.

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.