Shepherd Financial Partners LLC Cuts Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Shepherd Financial Partners LLC lowered its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,855 shares of the restaurant operator’s stock after selling 151 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Domino’s Pizza were worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Czech National Bank grew its position in Domino’s Pizza by 7.2% in the 3rd quarter. Czech National Bank now owns 7,124 shares of the restaurant operator’s stock worth $3,064,000 after purchasing an additional 478 shares during the period. Mather Group LLC. lifted its holdings in Domino’s Pizza by 5.7% in the third quarter. Mather Group LLC. now owns 684 shares of the restaurant operator’s stock valued at $294,000 after acquiring an additional 37 shares during the period. Brookstone Capital Management boosted its position in Domino’s Pizza by 5.1% in the third quarter. Brookstone Capital Management now owns 5,571 shares of the restaurant operator’s stock worth $2,396,000 after purchasing an additional 269 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $43,000. Finally, Peak Financial Advisors LLC purchased a new position in shares of Domino’s Pizza in the third quarter worth approximately $2,984,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen raised their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Oppenheimer lifted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Benchmark restated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Barclays dropped their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $502.33.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $466.74 on Friday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company’s 50-day moving average is $438.31 and its 200 day moving average is $431.58. The firm has a market capitalization of $16.12 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

Domino’s Pizza 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.