Richard W. Paul & Associates LLC Increases Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Richard W. Paul & Associates LLC grew its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 935 shares of the restaurant operator’s stock after purchasing an additional 129 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Domino’s Pizza were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DPZ. Price T Rowe Associates Inc. MD increased its position in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the period. Vanguard Group Inc. grew its stake in shares of Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after purchasing an additional 150,526 shares during the period. Point72 Asset Management L.P. bought a new position in Domino’s Pizza during the 2nd quarter valued at approximately $72,296,000. Finally, TD Asset Management Inc lifted its holdings in Domino’s Pizza by 27.8% in the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after buying an additional 138,224 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $428.85 on Friday. The firm’s 50 day moving average price is $421.23 and its 200-day moving average price is $467.34. Domino’s Pizza, Inc. has a 52-week low of $332.13 and a 52-week high of $542.75. The company has a market cap of $14.96 billion, a PE ratio of 27.99, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The business 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 quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.18 EPS. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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 given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated 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 owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DPZ shares. BTIG Research reduced their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Bank of America decreased their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. Finally, Citigroup decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $489.55.

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.