Northwest & Ethical Investments L.P. Sells 230 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Northwest & Ethical Investments L.P. cut its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 34.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440 shares of the restaurant operator’s stock after selling 230 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Domino’s Pizza were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. FORA Capital LLC bought a new stake in shares of Domino’s Pizza in the third quarter valued at about $2,158,000. Cynosure Group LLC increased its holdings in shares of Domino’s Pizza by 23.0% during the third quarter. Cynosure Group LLC now owns 920 shares of the restaurant operator’s stock worth $396,000 after buying an additional 172 shares in the last quarter. Townsquare Capital LLC raised its position in Domino’s Pizza by 37.0% in the third quarter. Townsquare Capital LLC now owns 7,772 shares of the restaurant operator’s stock valued at $3,343,000 after purchasing an additional 2,099 shares during the last quarter. Cadence Bank raised its holdings in Domino’s Pizza by 2.3% in the 3rd quarter. Cadence Bank now owns 11,199 shares of the restaurant operator’s stock valued at $4,817,000 after buying an additional 253 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Domino’s Pizza by 9.8% during the third quarter. D.A. Davidson & CO. now owns 4,513 shares of the restaurant operator’s stock worth $1,941,000 after purchasing an additional 404 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s 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 completion of the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of analyst reports. TD Cowen upped their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Piper Sandler cut their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Oppenheimer reissued an “outperform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Royal Bank of Canada lowered their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Stock Up 0.8 %

Shares of NYSE DPZ opened at $476.19 on Friday. Domino’s Pizza, Inc. has a 52-week low of $386.88 and a 52-week high of $542.75. The firm’s 50-day moving average price is $433.11 and its 200-day moving average price is $454.43. The company has a market cap of $16.44 billion, a PE ratio of 29.25, a PEG ratio of 2.55 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.18 EPS. As a group, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.82 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.27%. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

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.