Blue Trust Inc. grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126 shares of the restaurant operator’s stock after purchasing an additional 63 shares during the period. Blue Trust Inc.’s holdings in Domino’s Pizza were worth $54,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 26 shares during the last quarter. Summit Trail Advisors LLC lifted its position in Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares during the period. Portside Wealth Group LLC grew its stake in Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Domino’s Pizza by 4.6% in the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 29 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in shares of Domino’s Pizza by 2.6% in the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on DPZ. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Bank of America lowered their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, Royal Bank of Canada decreased their target price on shares of 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $489.55.
Domino’s Pizza Trading Up 0.9 %
Shares of NYSE DPZ opened at $413.75 on Friday. Domino’s Pizza, Inc. has a 12-month low of $332.13 and a 12-month high of $542.75. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock’s 50 day simple moving average is $418.13 and its 200 day simple moving average is $462.32.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $4.18 EPS. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.
Domino’s Pizza Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.46%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.
Insider Buying and Selling at Domino’s Pizza
In related news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.
About Domino’s Pizza
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.
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