Country Trust Bank Purchases New Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Country Trust Bank acquired a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 70,098 shares of the restaurant operator's stock, valued at approximately $29,424,000. Country Trust Bank owned approximately 0.20% of Domino's Pizza as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Algert Global LLC purchased a new stake in shares of Domino's Pizza in the 2nd quarter valued at $362,000. Creative Planning boosted its stake in shares of Domino's Pizza by 10.4% in the second quarter. Creative Planning now owns 2,597 shares of the restaurant operator's stock valued at $1,341,000 after purchasing an additional 244 shares during the period. Truist Financial Corp lifted its stake in Domino's Pizza by 6.4% in the second quarter. Truist Financial Corp now owns 16,813 shares of the restaurant operator's stock worth $8,681,000 after acquiring an additional 1,011 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Domino's Pizza by 29.7% during the 2nd quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator's stock worth $5,171,000 after buying an additional 2,294 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Domino's Pizza in the second quarter valued at approximately $1,556,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on DPZ shares. Stephens dropped their target price on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research report on Friday, October 11th. BMO Capital Markets decreased their target price on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 11th. TD Cowen lifted their price target on Domino's Pizza from $475.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Barclays decreased their price objective on Domino's Pizza from $412.00 to $402.00 and set an "underweight" rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $502.33.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated 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 directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $10.26 during trading hours on Tuesday, reaching $466.11. The company's stock had a trading volume of 459,036 shares, compared to its average volume of 574,797. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market cap of $16.09 billion, a PE ratio of 28.63, a PEG ratio of 2.35 and a beta of 0.90. The company's 50-day moving average is $439.01 and its two-hundred day moving average is $430.34.

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.