Franklin Resources Inc. Acquires 8,103 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Franklin Resources Inc. raised its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 42.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,031 shares of the restaurant operator’s stock after buying an additional 8,103 shares during the quarter. Franklin Resources Inc. owned about 0.08% of Domino’s Pizza worth $11,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC lifted its position in Domino’s Pizza by 25.2% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares in the last quarter. Summit Trail Advisors LLC raised its stake in shares of Domino’s Pizza by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 27 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Domino’s Pizza by 4.6% in the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 29 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after buying an additional 34 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of Domino’s Pizza by 5.7% during the third quarter. Mather Group LLC. now owns 684 shares of the restaurant operator’s stock worth $294,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler reduced their price target on 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. Guggenheim reduced their target price on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Robert W. Baird reduced their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Finally, Evercore ISI decreased their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Domino’s Pizza Trading Down 0.3 %

Shares of NYSE DPZ opened at $426.18 on Friday. The firm has a market cap of $14.72 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. The business’s 50 day moving average is $442.11 and its 200-day moving average is $448.35. Domino’s Pizza, Inc. has a 1-year low of $395.08 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm 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 company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.18 EPS. Analysts forecast that Domino’s Pizza, Inc. will post 16.82 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 yield of 1.42%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In related news, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The shares were 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 directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.