Cumberland Partners Ltd Takes Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Cumberland Partners Ltd acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,000 shares of the restaurant operator’s stock, valued at approximately $430,000.

Other institutional investors and hedge funds 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 in the third quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc boosted its holdings in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Domino’s Pizza during the third quarter valued at about $43,000. 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 recently weighed in on the stock. Stephens reduced their target price on shares of 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. Barclays decreased their target price on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Oppenheimer reaffirmed an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. BTIG Research decreased their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $440.37 on Wednesday. Domino’s Pizza, Inc. has a 1-year low of $367.24 and a 1-year high of $542.75. The business has a 50 day moving average of $421.97 and a 200 day moving average of $459.50. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.40 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results 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 net margin of 12.26% and a negative return on equity of 14.35%. 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 previous year, the firm posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Announces Dividend

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. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.37%. Domino’s Pizza’s payout ratio is 37.10%.

Insiders Place Their Bets

In related news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza 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 transaction, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.81% of the company’s stock.

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.