Commerce Bank Sells 270 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Commerce Bank reduced its position in Domino’s Pizza, Inc. (NYSE:DPZFree Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,818 shares of the restaurant operator’s stock after selling 270 shares during the quarter. Commerce Bank’s holdings in Domino’s Pizza were worth $4,460,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DPZ. Teacher Retirement System of Texas grew its position in Domino’s Pizza by 2.2% during the third quarter. Teacher Retirement System of Texas now owns 2,738 shares of the restaurant operator’s stock valued at $1,037,000 after acquiring an additional 60 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Domino’s Pizza by 46.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 902 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 285 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Domino’s Pizza by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 3,022 shares of the restaurant operator’s stock valued at $1,145,000 after purchasing an additional 377 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Domino’s Pizza by 6.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 15,864 shares of the restaurant operator’s stock worth $6,009,000 after purchasing an additional 950 shares during the period. Finally, NBC Securities Inc. bought a new stake in Domino’s Pizza in the third quarter worth $324,000. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DPZ. TD Cowen reaffirmed a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Stifel Nicolaus increased their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Robert W. Baird lifted their target price on shares of Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group increased their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $518.46.

Get Our Latest Stock Report on DPZ

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $502.16 on Monday. Domino’s Pizza, Inc. has a 52-week low of $285.84 and a 52-week high of $542.75. The firm has a market capitalization of $17.52 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.48 and a beta of 0.83. The stock has a 50 day moving average price of $496.36 and a 200-day moving average price of $442.62.

Domino’s Pizza (NYSE:DPZGet Free Report) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Domino’s Pizza Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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