Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance decreased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634 shares of the restaurant operator’s stock after selling 39 shares during the quarter. Independent Advisor Alliance’s holdings in Domino’s Pizza were worth $273,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza during the third quarter valued at $30,000. Blue Trust Inc. grew its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Versant Capital Management Inc increased its stake in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $43,000. Finally, Crewe Advisors LLC raised its holdings in Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 34 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza 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 transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents 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 owned by insiders.

Domino’s Pizza Stock Down 0.1 %

DPZ opened at $472.34 on Friday. Domino’s Pizza, Inc. has a 52 week low of $383.05 and a 52 week high of $542.75. The business has a fifty day simple moving average of $430.68 and a 200-day simple moving average of $454.55. The firm has a market cap of $16.31 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.52 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $4.18 EPS. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. 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 dividend payout ratio (DPR) is currently 37.10%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Robert W. Baird dropped their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Guggenheim reduced their price objective on shares of 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. BTIG Research dropped their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Stephens reduced their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $495.76.

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.