Commerce Bank boosted its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,354 shares of the restaurant operator's stock after purchasing an additional 1,404 shares during the quarter. Commerce Bank's holdings in Domino's Pizza were worth $4,024,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in shares of Domino's Pizza during the 3rd quarter worth about $30,000. Blue Trust Inc. grew its stake in Domino's Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc increased its holdings in shares of Domino's Pizza by 654.5% during 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 acquired a new position in shares of Domino's Pizza during the third quarter worth approximately $43,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Domino's Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock worth $55,000 after purchasing an additional 34 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.
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 completion of the sale, the director now owns 15,390 shares of the company's stock, valued at $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 is available at the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the 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 sale, the executive vice president now directly owns 1,966 shares in the company, 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. 0.76% of the stock is currently owned by company insiders.
Shares of NYSE DPZ opened at $452.81 on Friday. The firm's fifty day moving average is $427.00 and its 200 day moving average is $455.94. Domino's Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.40 and a beta of 0.86.
Domino's Pizza (NYSE:DPZ - Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. The business had revenue of $1.08 billion for 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 revenue for the quarter 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. Equities research analysts anticipate that Domino's Pizza, Inc. will post 16.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio is currently 37.10%.
A number of analysts have commented on DPZ shares. Stephens lowered their price objective on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. Wedbush reaffirmed an "outperform" rating and set a $470.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. BMO Capital Markets lowered their price target on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Finally, Citigroup lowered their target price on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $494.38.
Get Our Latest Stock Analysis on DPZ
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.
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