Domino’s Pizza Inc $DPZ Position Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 70.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,746 shares of the restaurant operator’s stock after buying an additional 1,963 shares during the period. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $2,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance increased its holdings in shares of Domino’s Pizza by 2.3% in the 3rd quarter. Independent Advisor Alliance now owns 1,720 shares of the restaurant operator’s stock valued at $743,000 after acquiring an additional 38 shares during the last quarter. Arizona State Retirement System lifted its stake in Domino’s Pizza by 1.2% during the third quarter. Arizona State Retirement System now owns 9,630 shares of the restaurant operator’s stock worth $4,157,000 after purchasing an additional 114 shares during the last quarter. Activest Wealth Management boosted its holdings in Domino’s Pizza by 411.5% in the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 107 shares during the period. TD Waterhouse Canada Inc. increased its stake in Domino’s Pizza by 363.7% during the third quarter. TD Waterhouse Canada Inc. now owns 1,085 shares of the restaurant operator’s stock valued at $465,000 after purchasing an additional 851 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Domino’s Pizza by 1.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,811 shares of the restaurant operator’s stock worth $2,077,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,744 shares in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DPZ. Citigroup reduced their price target on shares of Domino’s Pizza from $460.00 to $420.00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America raised their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore dropped 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. Finally, Barclays cut their price target on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Two equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $478.33.

Domino’s Pizza Trading Down 1.5%

NASDAQ DPZ opened at $384.00 on Thursday. The company has a 50-day moving average price of $413.51 and a two-hundred day moving average price of $425.11. Domino’s Pizza Inc has a 52 week low of $377.19 and a 52 week high of $500.55. The stock has a market cap 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.

Domino’s Pizza 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.