KBC Group NV Boosts Position in Domino’s Pizza, Inc. (NYSE:DPZ)

KBC Group NV grew its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 68.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,081 shares of the restaurant operator’s stock after buying an additional 2,064 shares during the quarter. KBC Group NV’s holdings in Domino’s Pizza were worth $2,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its holdings in Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 26 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 27 shares during the last quarter. Portside Wealth Group LLC boosted its stake in shares of Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 28 shares during the last quarter. Larson Financial Group LLC increased its position in Domino’s Pizza by 4.6% during the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after purchasing an additional 29 shares in the last quarter. Finally, Capital Insight Partners LLC raised its stake in Domino’s Pizza by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered 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. Benchmark reiterated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. TD Cowen reissued a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Guggenheim lowered their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.38.

Domino’s Pizza Stock Performance

DPZ stock opened at $445.02 on Tuesday. The firm has a market cap of $15.37 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75. The stock has a 50-day simple moving average of $424.10 and a 200-day simple moving average of $457.14.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. 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 earned $4.18 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.36%. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm’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 completion of the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.