5,016 Shares in Domino’s Pizza, Inc. (NYSE:DPZ) Bought by FORA Capital LLC

FORA Capital LLC bought a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,016 shares of the restaurant operator’s stock, valued at approximately $2,158,000.

A number of other large investors have also added to or reduced their stakes in DPZ. FMR LLC lifted its holdings in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after purchasing an additional 23,681 shares during the last quarter. Marshfield Associates boosted its position in Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after buying an additional 2,271 shares during the period. International Assets Investment Management LLC grew its stake in shares of 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 valued at $225,303,000 after buying an additional 522,490 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Domino’s Pizza by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock worth $205,666,000 after buying an additional 18,030 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $472.48 on Thursday. The company has a 50 day simple moving average of $429.41 and a two-hundred day simple moving average of $454.42. Domino’s Pizza, Inc. has a fifty-two week low of $383.05 and a fifty-two week high of $542.75. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.52 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company 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. This represents a $6.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is 37.10%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays dropped their target price 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. Morgan Stanley dropped their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Piper Sandler dropped their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the business’s 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 of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by 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.