Raub Brock Capital Management LP Has $9.63 Million Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Raub Brock Capital Management LP decreased its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,945 shares of the restaurant operator’s stock after selling 10,098 shares during the period. Domino’s Pizza comprises 2.0% of Raub Brock Capital Management LP’s holdings, making the stock its 22nd largest holding. Raub Brock Capital Management LP’s holdings in Domino’s Pizza were worth $9,631,000 at the end of the most recent reporting period.

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

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Up 2.0 %

Shares of NASDAQ DPZ opened at $427.35 on Friday. The firm has a market cap of $14.76 billion, a PE ratio of 26.25, a P/E/G ratio of 2.05 and a beta of 0.90. The company’s fifty day simple moving average is $439.98 and its 200 day simple moving average is $433.82. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPZ. Jefferies Financial Group reduced their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada lowered their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Stephens dropped their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. BMO Capital Markets reduced their target price 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, BTIG Research dropped their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.22.

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.