Y Intercept Hong Kong Ltd Decreases Stock Position in Domino’s Pizza Inc $DPZ

Y Intercept Hong Kong Ltd lessened its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,750 shares of the restaurant operator’s stock after selling 2,969 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Domino’s Pizza were worth $5,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CX Institutional increased its stake in Domino’s Pizza by 6.7% in the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 24 shares during the last quarter. Lafayette Investments Inc. grew its holdings in shares of Domino’s Pizza by 2.7% in the second quarter. Lafayette Investments Inc. now owns 929 shares of the restaurant operator’s stock valued at $419,000 after purchasing an additional 24 shares in the last quarter. Westpac Banking Corp increased its position in Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Novem Group raised its stake in Domino’s Pizza by 4.4% during the second quarter. Novem Group now owns 592 shares of the restaurant operator’s stock valued at $266,000 after purchasing an additional 25 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in Domino’s Pizza by 1.1% during the third quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock valued at $1,028,000 after purchasing an additional 27 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the sale, the executive vice president owned 6,744 shares in the company, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Bank of America lifted their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company decreased their price objective on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday. Jefferies Financial Group dropped their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Stifel Nicolaus decreased their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $482.04.

Domino’s Pizza Stock Up 1.5%

Shares of Domino’s Pizza stock opened at $411.50 on Friday. The stock’s fifty day moving average is $416.45 and its two-hundred day moving average is $431.42. Domino’s Pizza Inc has a 52 week low of $382.47 and a 52 week high of $500.55. The company has a market capitalization of $13.90 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.94 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.