Raymond James Trust N.A. Has $361,000 Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Raymond James Trust N.A. increased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 839 shares of the restaurant operator’s stock after purchasing an additional 120 shares during the quarter. Raymond James Trust N.A.’s holdings in Domino’s Pizza were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DPZ. Advisors Asset Management Inc. boosted its holdings in shares of Domino’s Pizza by 83.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,018 shares of the restaurant operator’s stock valued at $1,003,000 after buying an additional 918 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Domino’s Pizza by 124.5% in the first quarter. Janus Henderson Group PLC now owns 11,184 shares of the restaurant operator’s stock valued at $5,555,000 after acquiring an additional 6,202 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Domino’s Pizza in the 1st quarter valued at about $263,000. California State Teachers Retirement System increased its stake in shares of Domino’s Pizza by 0.6% during the 1st quarter. California State Teachers Retirement System now owns 57,362 shares of the restaurant operator’s stock worth $28,502,000 after purchasing an additional 339 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Domino’s Pizza by 4.7% in the 1st quarter. Comerica Bank now owns 7,620 shares of the restaurant operator’s stock valued at $3,786,000 after purchasing an additional 344 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NYSE DPZ opened at $472.86 on Wednesday. Domino’s Pizza, Inc. has a fifty-two week low of $370.17 and a fifty-two week high of $542.75. The business has a fifty day moving average price of $428.20 and a two-hundred day moving average price of $454.75. The stock has a market capitalization of $16.33 billion, a PE ratio of 29.05, a PEG ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $4.18 EPS. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business 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. 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 dividend payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Bank of America reduced 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 research report on Friday, October 11th. TD Cowen increased their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays reduced their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $495.76.

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.