Atria Investments Inc Cuts Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Atria Investments Inc lessened its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,881 shares of the restaurant operator’s stock after selling 179 shares during the quarter. Atria Investments Inc’s holdings in Domino’s Pizza were worth $2,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayesian Capital Management LP increased its holdings in Domino’s Pizza by 701.3% in the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after acquiring an additional 4,201 shares in the last quarter. Bessemer Group Inc. boosted its stake in Domino’s Pizza by 34.9% during the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 during the last quarter. Assenagon Asset Management S.A. boosted its stake in Domino’s Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after purchasing an additional 44,688 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Domino’s Pizza by 130.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after purchasing an additional 1,350 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the 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 in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. BTIG Research lowered their target price on shares of 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. Stephens lowered their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Oppenheimer reissued an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, TD Cowen reissued a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $494.38.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $435.97 on Friday. The stock has a fifty day moving average price of $423.17 and a 200 day moving average price of $459.20. Domino’s Pizza, Inc. has a 1-year low of $367.24 and a 1-year high of $542.75. The company has a market cap of $15.05 billion, a PE ratio of 26.78, a P/E/G ratio of 2.37 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $4.18 earnings per share. Analysts anticipate that Domino’s Pizza, Inc. will post 16.86 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. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is 37.10%.

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.