Fortis Capital Management LLC Grows Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Fortis Capital Management LLC lifted its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,851 shares of the restaurant operator’s stock after purchasing an additional 177 shares during the quarter. Fortis Capital Management LLC’s holdings in Domino’s Pizza were worth $796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Domino’s Pizza by 7.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,037 shares of the restaurant operator’s stock worth $515,000 after acquiring an additional 75 shares during the period. Empowered Funds LLC increased its position in Domino’s Pizza by 27.5% during the 1st quarter. Empowered Funds LLC now owns 2,349 shares of the restaurant operator’s stock worth $1,167,000 after purchasing an additional 506 shares in the last quarter. Russell Investments Group Ltd. increased its position in Domino’s Pizza by 18.7% during the 1st quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after purchasing an additional 8,744 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Domino’s Pizza by 19.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,408 shares of the restaurant operator’s stock worth $7,159,000 after purchasing an additional 2,320 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Domino’s Pizza by 2.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,044 shares of the restaurant operator’s stock worth $18,406,000 after purchasing an additional 904 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DPZ shares. Piper Sandler lowered their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Barclays decreased their price target on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. BTIG Research reduced their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets lowered their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Finally, Guggenheim dropped their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $494.38.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $439.55 on Thursday. The stock has a fifty day moving average price of $422.65 and a two-hundred day moving average price of $459.36. The firm has a market capitalization of $15.18 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.37 and a beta of 0.86. Domino’s Pizza, Inc. has a 52-week low of $367.24 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for 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%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.18 earnings per share. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the 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 owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Company 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.