Procyon Advisors LLC Has $856,000 Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Procyon Advisors LLC decreased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,039 shares of the restaurant operator’s stock after selling 2,037 shares during the period. Procyon Advisors LLC’s holdings in Domino’s Pizza were worth $856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after purchasing an additional 23,681 shares during the period. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza in the third quarter valued at approximately $549,399,000. Marshfield Associates raised its holdings in Domino’s Pizza by 0.3% in the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after purchasing an additional 2,271 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. Jefferies Financial Group lowered their price target on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. Guggenheim dropped their target price on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, October 11th. BMO Capital Markets dropped their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, seven have issued 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.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $503.22.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $427.35 on Friday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.05 and a beta of 0.90. The business’s fifty day moving average is $439.98 and its 200-day moving average is $433.82.

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.