Prosperity Financial Group Inc. Grows Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Prosperity Financial Group Inc. boosted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 17.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 717 shares of the restaurant operator’s stock after buying an additional 104 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Domino’s Pizza were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares during the period. Champlain Investment Partners LLC purchased a new position in Domino’s Pizza during the third quarter worth about $99,352,000. Price T Rowe Associates Inc. MD increased its position in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $72,296,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Evercore ISI dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. BMO Capital Markets dropped their price objective on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Barclays decreased their target price on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research note on Friday, October 11th. Royal Bank of Canada reduced their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Morgan Stanley cut their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $494.38.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction dated 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 sale, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was 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 accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $453.35 on Monday. The company’s fifty day moving average is $427.00 and its two-hundred day moving average is $455.08. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75. The company has a market capitalization of $15.65 billion, a P/E ratio of 27.85, a PEG ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.33%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Domino’s Pizza Company 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.