Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Sold by abrdn plc

abrdn plc lessened its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,719 shares of the restaurant operator's stock after selling 1,713 shares during the period. abrdn plc's holdings in Domino's Pizza were worth $4,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. True Wealth Design LLC lifted its stake 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 purchasing an additional 61 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino's Pizza in the third quarter worth about $43,000. Blue Trust Inc. lifted its position 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 buying an additional 63 shares in the last quarter. Rakuten Securities Inc. grew 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 buying an additional 88 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in Domino's Pizza during the 3rd quarter valued at approximately $93,000. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Trading Up 1.8 %

Shares of DPZ traded up $8.20 during midday trading on Monday, reaching $474.94. 451,030 shares of the stock were exchanged, compared to its average volume of 574,907. The company's 50 day moving average is $438.31 and its two-hundred day moving average is $431.68. The company has a market capitalization of $16.40 billion, a P/E ratio of 29.17, a PEG 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.

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 stock was sold at an average price of $459.00, for a total value 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 approximately $902,394. The trade was a 57.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.76% of the stock is owned by company insiders.

Analyst Ratings Changes

DPZ has been the subject of a number of recent research reports. Morgan Stanley cut their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Oppenheimer boosted 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. Barclays lowered their price target 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. TD Cowen boosted their price objective 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 raised Domino's Pizza from a "hold" rating to a "buy" rating and raised their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus target price of $502.33.

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.