3,606 Shares in Domino’s Pizza Inc $DPZ Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,606 shares of the restaurant operator’s stock, valued at approximately $1,557,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Domino’s Pizza in the 2nd quarter worth $202,680,000. Sterling Capital Management LLC grew its holdings in Domino’s Pizza by 2,076.8% during the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after acquiring an additional 171,811 shares during the period. Envestnet Asset Management Inc. raised its position in Domino’s Pizza by 27.0% in the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after acquiring an additional 108,794 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Domino’s Pizza in the second quarter worth about $34,831,000. Finally, Bank of Nova Scotia lifted its holdings in Domino’s Pizza by 1,891.7% in the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after acquiring an additional 68,309 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.2%

Shares of DPZ stock opened at $401.73 on Thursday. The stock’s fifty day simple moving average is $416.74 and its 200-day simple moving average is $428.11. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.89 and a beta of 1.15. Domino’s Pizza Inc has a 1-year low of $382.47 and a 1-year high of $500.55.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value 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 represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DPZ shares. Piper Sandler reaffirmed a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a research note on Monday, November 24th. Guggenheim decreased their price target on shares of Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Evercore ISI dropped their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Finally, Bank of America lifted their target price on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $480.56.

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.