Bank of Montreal Can Purchases 3,198 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Bank of Montreal Can grew its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,114 shares of the restaurant operator’s stock after buying an additional 3,198 shares during the period. Bank of Montreal Can owned approximately 0.17% of Domino’s Pizza worth $25,362,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza in the third quarter valued at about $30,000. Blue Trust Inc. increased its holdings in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the period. Versant Capital Management Inc raised its position in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $43,000. Finally, Crewe Advisors LLC grew its position in Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after buying an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the company from $419.00 to $559.00 in a report on Friday, November 8th. Robert W. Baird dropped their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Jefferies Financial Group reduced their price objective on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Morgan Stanley dropped their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value 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. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew Balson sold 6,970 shares of the business’s 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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Up 0.6 %

DPZ stock opened at $475.38 on Friday. The company’s fifty day simple moving average is $431.89 and its 200 day simple moving average is $454.67. Domino’s Pizza, Inc. has a 12-month low of $386.88 and a 12-month high of $542.75. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.55 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.18 EPS. Research analysts expect that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.27%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

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.