International Assets Investment Management LLC Reduces Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

International Assets Investment Management LLC reduced its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 99.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,255 shares of the restaurant operator's stock after selling 522,535 shares during the quarter. International Assets Investment Management LLC's holdings in Domino's Pizza were worth $546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DPZ. Summit Trail Advisors LLC raised its position in Domino's Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator's stock worth $293,000 after acquiring an additional 27 shares during the period. Mather Group LLC. raised its position in shares of Domino's Pizza by 5.7% during the 3rd quarter. Mather Group LLC. now owns 684 shares of the restaurant operator's stock worth $294,000 after purchasing an additional 37 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Domino's Pizza by 0.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 7,593 shares of the restaurant operator's stock worth $3,266,000 after purchasing an additional 40 shares during the last quarter. Shepherd Financial Partners LLC lifted its stake in Domino's Pizza by 2.0% in the 3rd quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator's stock valued at $863,000 after buying an additional 40 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Domino's Pizza by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator's stock worth $185,000 after buying an additional 40 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research analyst reports. Stephens reduced their target price on 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. Barclays increased their price objective on Domino's Pizza from $370.00 to $412.00 and gave the company an "underweight" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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. Evercore ISI reduced their target price on shares of Domino's Pizza from $500.00 to $480.00 and set an "outperform" rating for the company in a research report on Monday, October 7th. Finally, Piper Sandler lowered their price target on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $501.93.

Domino's Pizza Trading Down 2.5 %

NASDAQ:DPZ traded down $10.36 during midday trading on Friday, reaching $402.33. The company had a trading volume of 586,723 shares, compared to its average volume of 542,661. The stock's fifty day simple moving average is $442.41 and its 200-day simple moving average is $437.06. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.44 and a beta of 0.88.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.18 EPS. As a group, sell-side analysts expect that Domino's Pizza, Inc. will post 16.82 EPS for the current year.

Insider Activity at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

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.