Janney Montgomery Scott LLC Increases Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Janney Montgomery Scott LLC grew its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 278.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,060 shares of the restaurant operator's stock after buying an additional 8,136 shares during the quarter. Janney Montgomery Scott LLC's holdings in Domino's Pizza were worth $4,643,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP bought a new position in Domino's Pizza in the second quarter worth about $4,554,000. Algert Global LLC bought a new position in shares of Domino's Pizza in the 2nd quarter worth approximately $362,000. Creative Planning boosted its position in shares of Domino's Pizza by 10.4% during 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 in the last quarter. Truist Financial Corp grew 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 purchasing an additional 1,011 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Domino's Pizza by 29.7% in the second quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator's stock worth $5,171,000 after purchasing an additional 2,294 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Performance

Shares of DPZ stock traded up $28.71 during mid-day trading on Thursday, reaching $456.49. 298,197 shares of the company's stock traded hands, compared to its average volume of 551,362. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The firm has a 50 day moving average price of $439.27 and a two-hundred day moving average price of $430.82. The firm has a market capitalization of $15.76 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. BMO Capital Markets reduced their price target on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 11th. Wells Fargo & Company lowered their price target on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating for the company in a research report on Friday, October 11th. Wedbush reissued an "outperform" rating and set a $470.00 price objective on shares of Domino's Pizza in a research report on Friday, October 11th. Finally, Stephens decreased their target price on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $502.33.

Insider Buying and Selling at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza 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. The trade was a 57.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is currently owned by corporate insiders.

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.