Whittier Trust Co. of Nevada Inc. Sells 1,437 Shares of Domino’s Pizza Inc $DPZ

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 89.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168 shares of the restaurant operator’s stock after selling 1,437 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Domino’s Pizza were worth $72,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DPZ. Norges Bank acquired a new stake in Domino’s Pizza during the 2nd quarter valued at approximately $202,680,000. Sterling Capital Management LLC boosted its stake in Domino’s Pizza by 2,076.8% during the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after buying an additional 171,811 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Domino’s Pizza by 27.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after acquiring an additional 108,794 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Domino’s Pizza during the 2nd quarter worth $34,831,000. Finally, Truist Financial Corp boosted its position in shares of Domino’s Pizza by 3,692.1% during the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock valued at $33,183,000 after acquiring an additional 71,700 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 1.2%

Shares of NASDAQ DPZ traded down $4.83 during mid-day trading on Wednesday, hitting $409.04. 61,695 shares of the company were exchanged, compared to its average volume of 676,099. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.95 and a beta of 1.15. The stock has a 50 day simple moving average of $416.85 and a 200-day simple moving average of $430.44. Domino’s Pizza Inc has a 1-year low of $382.47 and a 1-year high of $500.55.

Analysts Set New Price Targets

Several research firms have recently commented on DPZ. Bank of America lifted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Evercore ISI reduced their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. TD Cowen cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, January 5th. Jefferies Financial Group lowered their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $530.00 price objective on shares of Domino’s Pizza in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $480.56.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.