Moors & Cabot Inc. Invests $204,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Moors & Cabot Inc. purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, Holdings Channel reports. The institutional investor purchased 475 shares of the restaurant operator’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. First Horizon Advisors Inc. lifted its holdings in Domino’s Pizza by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 40 shares in the last quarter. Jennison Associates LLC lifted its stake in Domino’s Pizza by 75.3% in the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock valued at $92,253,000 after buying an additional 92,137 shares in the last quarter. Commerce Bank boosted its holdings in Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after buying an additional 1,404 shares during the last quarter. Strategy Asset Managers LLC acquired a new stake in Domino’s Pizza in the 3rd quarter worth about $357,000. Finally, Avior Wealth Management LLC increased its stake in Domino’s Pizza by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator’s stock worth $197,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $453.35 on Monday. The company has a market capitalization of $15.66 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. Domino’s Pizza, Inc. has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The firm has a 50 day moving average price of $427.00 and a 200 day moving average price of $455.08.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating 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 analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $4.18 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date 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 presently 37.10%.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Bank of America lowered their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Robert W. Baird dropped their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. TD Cowen reissued a “buy” rating and issued a $475.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. 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 on the stock in a research report on Friday, October 11th. Finally, Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $494.38.

Insider Transactions at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the company’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 sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’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 transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% 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.