Great Valley Advisor Group Inc. Boosts Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Great Valley Advisor Group Inc. grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 13.9% in the third quarter, Holdings Channel reports. The institutional investor owned 958 shares of the restaurant operator’s stock after purchasing an additional 117 shares during the period. Great Valley Advisor Group Inc.’s holdings in Domino’s Pizza were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its stake in Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 27 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after buying an additional 28 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Domino’s Pizza by 4.6% during the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after buying an additional 29 shares during the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in shares of Domino’s Pizza by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after buying an additional 30 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Guggenheim decreased their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. BTIG Research dropped their price target 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. Benchmark reiterated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Stephens decreased their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Finally, Royal Bank of Canada cut their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $495.76.

Insider Buying and Selling at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 owns 1,966 shares of the company’s stock, valued at $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.

Domino’s Pizza Stock Up 0.8 %

NYSE:DPZ opened at $472.86 on Wednesday. Domino’s Pizza, Inc. has a 52-week low of $370.17 and a 52-week high of $542.75. The stock has a fifty day simple moving average of $428.20 and a 200-day simple moving average of $454.75. The company has a market capitalization of $16.33 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its 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. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.18 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued 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 (DPR) is presently 37.10%.

Domino’s Pizza 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.