Pacer Advisors Inc. Has $1.84 Million Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Pacer Advisors Inc. lifted its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 66.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,373 shares of the restaurant operator's stock after purchasing an additional 1,752 shares during the period. Pacer Advisors Inc.'s holdings in Domino's Pizza were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Algert Global LLC bought a new stake in Domino's Pizza during the 2nd quarter worth about $362,000. Creative Planning raised its stake 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 worth $1,341,000 after buying an additional 244 shares during the last quarter. Truist Financial Corp lifted its holdings 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 valued at $8,681,000 after buying an additional 1,011 shares during the period. Cetera Investment Advisers boosted its stake 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 valued at $5,171,000 after acquiring an additional 2,294 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Domino's Pizza during the 2nd quarter worth $1,556,000. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DPZ shares. Royal Bank of Canada reduced their price target on Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. BTIG Research lowered their price target on Domino's Pizza from $580.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Morgan Stanley reduced their price objective on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $502.33.

Domino's Pizza Trading Down 2.4 %

Shares of Domino's Pizza stock traded down $11.18 during trading on Wednesday, hitting $454.75. 774,888 shares of the stock were exchanged, compared to its average volume of 591,047. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. The company has a fifty day moving average price of $438.52 and a 200-day moving average price of $430.95.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza 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 completion of the sale, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% 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.