Gilbert & Cook Inc. Trims Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Gilbert & Cook Inc. trimmed its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204 shares of the restaurant operator’s stock after selling 46 shares during the period. Gilbert & Cook Inc.’s holdings in Domino’s Pizza were worth $518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza in the 3rd quarter worth $30,000. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza in the 1st quarter worth $36,000. Versant Capital Management Inc increased its stake in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino’s Pizza in the 3rd quarter worth $43,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of analyst reports. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Robert W. Baird cut their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Stephens cut their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. BMO Capital Markets cut their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Finally, BTIG Research cut their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $494.38.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $430.43 on Friday. The firm has a market cap of $14.86 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86. The firm’s 50 day simple moving average is $423.60 and its 200-day simple moving average is $458.03. Domino’s Pizza, Inc. has a one year low of $367.24 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $4.18 earnings per share. Equities research analysts predict that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Company Profile

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.