Burney Co. Has $586,000 Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Burney Co. lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,396 shares of the restaurant operator’s stock after selling 76 shares during the quarter. Burney Co.’s holdings in Domino’s Pizza were worth $586,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. True Wealth Design LLC lifted its stake in 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 valued at $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $43,000. Blue Trust Inc. lifted its position in shares of Domino’s Pizza by 100.0% in the third 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 Domino’s Pizza by 195.6% during the third 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 own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 2.0 %

NASDAQ DPZ opened at $427.35 on Friday. The firm has a 50-day moving average price of $439.98 and a two-hundred day moving average price of $434.23. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The company has a market capitalization of $14.76 billion, a P/E ratio of 26.25, a P/E/G ratio of 2.05 and a beta of 0.90.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DPZ. BTIG Research cut their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Stephens dropped their target price on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Evercore ISI decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Wells Fargo & Company lowered their price target on 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. Finally, Wedbush reissued an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $503.22.

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.