Domino's Pizza, Inc. (DPZ) Stake Raised by Stephens Investment Management Group LLC
Stephens Investment Management Group LLC lifted its holdings in shares of Domino's Pizza, Inc. (NYSE:DPZ) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,394 shares of the restaurant operator’s stock after purchasing an additional 20,463 shares during the period. Stephens Investment Management Group LLC’s holdings in Domino's Pizza were worth $13,491,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Toronto Dominion Bank raised its stake in Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares during the period. First Mercantile Trust Co. bought a new stake in Domino's Pizza in the 4th quarter valued at about $145,000. FNY Partners Fund LP bought a new stake in Domino's Pizza in the 3rd quarter valued at about $158,000. Acadian Asset Management LLC raised its stake in Domino's Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after acquiring an additional 975 shares during the period. Finally, Synovus Financial Corp bought a new stake in Domino's Pizza in the 3rd quarter valued at about $206,000. Institutional investors own 94.20% of the company’s stock.
A number of brokerages recently issued reports on DPZ. Mizuho began coverage on Domino's Pizza in a research note on Wednesday, January 24th. They issued a “buy” rating and a $250.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating and issued a $220.00 price objective (down from $235.00) on shares of Domino's Pizza in a research note on Tuesday, January 23rd. Barclays boosted their price objective on Domino's Pizza from $215.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Maxim Group reaffirmed a “hold” rating and set a $220.00 target price on shares of Domino's Pizza in a report on Friday, October 13th. Finally, Nomura lifted their target price on Domino's Pizza to $230.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $219.38.
In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $184.87, for a total value of $3,142,790.00. Following the completion of the sale, the chief financial officer now owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.57% of the stock is owned by corporate insiders.
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About Domino's Pizza
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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