Jennison Associates LLC Sells 75,342 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Jennison Associates LLC lowered its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,131 shares of the restaurant operator's stock after selling 75,342 shares during the quarter. Jennison Associates LLC owned 0.40% of Domino's Pizza worth $58,402,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DPZ. True Wealth Design LLC raised its stake in shares of Domino's Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino's Pizza in the 3rd quarter worth $43,000. Blue Trust Inc. lifted its stake in 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 purchasing an additional 63 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Domino's Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Domino's Pizza during the third quarter valued at about $93,000. 94.63% of the stock is owned by institutional investors.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza 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 sale, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DPZ shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Wedbush reiterated an "outperform" rating and issued a $470.00 price objective on shares of Domino's Pizza in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and raised their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Royal Bank of Canada lowered their price target on shares of Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating for the company in a report on Friday, October 11th. Finally, BTIG Research cut their price target on shares of Domino's Pizza from $580.00 to $500.00 and set a "buy" rating on the stock in a report on Friday, October 11th. One equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $502.33.

Domino's Pizza Price Performance

DPZ stock traded down $3.82 on Friday, reaching $466.74. 437,356 shares of the company traded hands, compared to its average volume of 579,853. The firm has a fifty day simple moving average of $438.31 and a 200-day simple moving average of $431.58. The company has a market cap of $16.12 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

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.