Domino’s Pizza Inc $DPZ Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 70.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,746 shares of the restaurant operator’s stock after purchasing an additional 1,963 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $2,049,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 0.5% during the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock valued at $1,186,821,000 after acquiring an additional 13,255 shares during the last quarter. Railway Pension Investments Ltd grew its holdings in Domino’s Pizza by 304.2% in the third quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after purchasing an additional 7,300 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock valued at $3,631,000 after purchasing an additional 228 shares during the period. Rakuten Investment Management Inc. acquired a new position in Domino’s Pizza during the third quarter worth approximately $16,598,000. Finally, Bank of Nova Scotia raised its stake in Domino’s Pizza by 1,891.7% during the second quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock worth $32,400,000 after purchasing an additional 68,309 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. Hovde Group set a $460.00 price objective on Domino’s Pizza in a research note on Monday, January 5th. TD Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Barclays reduced their target price on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Stifel Nicolaus decreased their price target on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Finally, Bank of America raised their price objective on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $478.33.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $384.00 on Thursday. Domino’s Pizza Inc has a 12-month low of $377.19 and a 12-month high of $500.55. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The firm’s fifty day moving average price is $413.51 and its 200 day moving average price is $425.11.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction on Tuesday, December 16th. The shares were 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 in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company’s stock.

About Domino’s Pizza

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.