Stephens Investment Management Group LLC Purchases 29,662 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Stephens Investment Management Group LLC grew its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,741 shares of the restaurant operator’s stock after buying an additional 29,662 shares during the quarter. Domino’s Pizza accounts for about 1.1% of Stephens Investment Management Group LLC’s portfolio, making the stock its 27th largest holding. Stephens Investment Management Group LLC owned about 0.54% of Domino’s Pizza worth $81,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Vanguard Group Inc. lifted its stake in Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Domino’s Pizza during the second quarter worth $72,296,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America lowered their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Barclays decreased their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” 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 report on Friday, October 11th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Stock Performance

DPZ opened at $413.75 on Friday. The business’s 50-day simple moving average is $418.13 and its 200-day simple moving average is $462.32. The stock has a market capitalization of $14.29 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. Domino’s Pizza, Inc. has a one year low of $332.13 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $4.18 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.81 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently 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.