Domino’s Pizza Inc $DPZ Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. lessened its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,312 shares of the restaurant operator’s stock after selling 2,743 shares during the period. Domino’s Pizza accounts for 1.8% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 25th biggest position. Baskin Financial Services Inc.’s holdings in Domino’s Pizza were worth $22,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Soroban Capital Partners LP bought a new position in shares of Domino’s Pizza during the first quarter valued at about $895,251,000. BlackRock Inc. bought a new stake in shares of Domino’s Pizza in the second quarter worth about $715,704,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Domino’s Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after purchasing an additional 22,320 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a research report on Thursday. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Monday, October 5th. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Domino’s Pizza in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $380.87.

Domino’s Pizza Stock Down 1.5%

Shares of DPZ traded down $4.56 during trading hours on Monday, reaching $304.08. 362,794 shares of the company traded hands, compared to its average volume of 915,629. The company’s fifty day moving average price is $320.69 and its two-hundred day moving average price is $326.42. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the firm earned $4.08 EPS. Domino’s Pizza’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts expect that Domino’s Pizza Inc will post 19.04 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino’s Pizza’s payout ratio is presently 43.86%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.