Stephens Investment Management Group LLC Sells 11,560 Shares of Domino’s Pizza Inc $DPZ

Stephens Investment Management Group LLC cut its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 6.0% during the third quarter, HoldingsChannel reports. The fund owned 180,307 shares of the restaurant operator’s stock after selling 11,560 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Domino’s Pizza were worth $77,840,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in Domino’s Pizza in the second quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter valued at about $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $42,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen restated a “hold” rating and set a $460.00 target price (down from $500.00) on shares of Domino’s Pizza in a research note on Monday, January 5th. Barclays decreased their price target on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group lowered their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $485.74.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $400.28 on Friday. The stock has a 50-day moving average of $417.16 and a two-hundred day moving average of $433.51. The stock has a market cap of $13.53 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.93 and a beta of 1.15. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $4.19 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

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.