Miracle Mile Advisors LLC Boosts Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Miracle Mile Advisors LLC raised its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 112.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,231 shares of the restaurant operator's stock after purchasing an additional 652 shares during the period. Miracle Mile Advisors LLC's holdings in Domino's Pizza were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. True Wealth Design LLC lifted its stake in shares of Domino's Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Domino's Pizza in the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino's Pizza in the 3rd quarter worth approximately $43,000. Blue Trust Inc. lifted its stake in Domino's Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after purchasing an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Domino's Pizza by 195.6% during the 3rd 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. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on DPZ. Benchmark reiterated a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research report on Friday, October 11th. Oppenheimer raised their target price on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research report on Friday, October 11th. Morgan Stanley cut their price objective on shares of Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Finally, Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and lifted their target price for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $501.93.

Domino's Pizza Trading Down 0.5 %

NASDAQ:DPZ opened at $413.93 on Thursday. The stock has a fifty day moving average price of $441.78 and a 200 day moving average price of $435.03. 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 cap of $14.29 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the firm'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 sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.