Domino’s Pizza, Inc. (NYSE:DPZ) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 10.3% in the third quarter, HoldingsChannel.com reports. The firm owned 429 shares of the restaurant operator’s stock after buying an additional 40 shares during the quarter. First Horizon Advisors Inc.’s holdings in Domino’s Pizza were worth $185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DPZ. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the period. Marshfield Associates increased its holdings in Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after acquiring an additional 2,271 shares in the last quarter. International Assets Investment Management LLC raised its position in Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Domino’s Pizza by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after purchasing an additional 18,030 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $453.35 on Friday. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company’s 50 day simple moving average is $427.00 and its 200-day simple moving average is $455.51. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $4.18 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America decreased their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Morgan Stanley lowered their price target on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets decreased their price objective 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. Piper Sandler dropped their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $494.38.

Insiders Place Their Bets

In related news, Director Andrew Balson sold 6,970 shares of the company’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 sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

About Domino’s Pizza

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.