Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 49.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 989 shares of the restaurant operator’s stock after purchasing an additional 326 shares during the period. Larson Financial Group LLC’s holdings in Domino’s Pizza were worth $425,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 39 shares in the last quarter. Versant Capital Management Inc grew its holdings in Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza in the third quarter worth $43,000. Finally, Crewe Advisors LLC lifted its holdings in Domino’s Pizza by 46.6% in the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $472.86 on Wednesday. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. Domino’s Pizza, Inc. has a one year low of $370.17 and a one year high of $542.75. The company has a 50 day moving average price of $428.20 and a 200 day moving average price of $454.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS 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 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 prior year, the firm posted $4.18 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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 issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DPZ shares. JPMorgan Chase & Co. cut their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, October 11th. BMO Capital Markets reduced their price target on shares of 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. Piper Sandler lowered their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Morgan Stanley reduced their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, BTIG Research lowered their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

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.