Advisors Asset Management Inc. Sells 301 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Advisors Asset Management Inc. lessened its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 14.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,749 shares of the restaurant operator’s stock after selling 301 shares during the period. Advisors Asset Management Inc.’s holdings in Domino’s Pizza were worth $752,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in Domino’s Pizza during the 3rd quarter valued at $30,000. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares during the period. Versant Capital Management Inc raised its holdings in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza in the third quarter worth about $43,000. Finally, Crewe Advisors LLC grew its holdings in Domino’s Pizza by 46.6% during the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DPZ. Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday. Stephens reduced their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Robert W. Baird decreased their price objective on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Insider Activity at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the business’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 completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were 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 owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Domino’s Pizza Trading Up 0.8 %

Shares of NYSE DPZ opened at $472.86 on Wednesday. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.44 and a beta of 0.86. Domino’s Pizza, Inc. has a 12 month low of $370.17 and a 12 month high of $542.75. The company has a 50 day simple moving average of $428.20 and a two-hundred day simple moving average of $454.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.18 earnings per share. Analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 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.