Domino’s Pizza Inc $DPZ Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. cut its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 92.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 368 shares of the restaurant operator’s stock after selling 4,378 shares during the period. Valley National Advisers Inc.’s holdings in Domino’s Pizza were worth $158,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $25,000. Signature Resources Capital Management LLC bought a new position in Domino’s Pizza in the 2nd quarter worth about $29,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $42,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DPZ shares. Barclays lowered their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Sanford C. Bernstein restated 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. Jefferies Financial Group decreased their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Finally, Bank of America boosted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Stock Up 0.0%

NASDAQ:DPZ opened at $425.56 on Monday. The business’s 50-day moving average price is $416.72 and its 200 day moving average price is $437.49. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The firm has a market cap of $14.38 billion, a P/E ratio of 24.87, a PEG ratio of 2.25 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.19 EPS. Sell-side analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a $1.74 dividend. The ex-dividend date was Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s payout ratio is 40.68%.

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.