Nisa Investment Advisors LLC Decreases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Nisa Investment Advisors LLC cut its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 657 shares of the restaurant operator’s stock after selling 75 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Domino’s Pizza were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its position in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza during the 3rd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza during the 3rd quarter worth $43,000. Blue Trust Inc. increased its position in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 88 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated 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 directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent analyst reports. Stephens lowered their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. BTIG Research lowered their price objective on shares of 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. Piper Sandler dropped their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Finally, Morgan Stanley lowered their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $502.33.

Domino’s Pizza Stock Down 0.5 %

DPZ stock opened at $427.78 on Thursday. The stock has a market capitalization of $14.77 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.26 and a beta of 0.90. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a 50-day simple moving average of $439.27 and a 200-day simple moving average of $430.82.

Domino’s Pizza Company Profile

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.