Quarry LP Has $84,000 Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Quarry LP lessened its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 50.4% in the third quarter, Holdings Channel.com reports. The fund owned 196 shares of the restaurant operator’s stock after selling 199 shares during the quarter. Quarry LP’s holdings in Domino’s Pizza were worth $84,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DPZ. Cetera Advisors LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth $581,000. Park Avenue Securities LLC grew its position in shares of Domino’s Pizza by 33.7% during the 2nd quarter. Park Avenue Securities LLC now owns 1,102 shares of the restaurant operator’s stock worth $569,000 after buying an additional 278 shares during the period. CWM LLC increased its stake in shares of Domino’s Pizza by 47.6% in the 2nd quarter. CWM LLC now owns 1,758 shares of the restaurant operator’s stock valued at $907,000 after acquiring an additional 567 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $266,000. Finally, Gateway Investment Advisers LLC bought a new position in Domino’s Pizza during the 2nd quarter worth approximately $426,000. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DPZ shares. Stephens lowered their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group dropped their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company decreased their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Bank of America decreased their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $495.76.

Insider Activity at Domino’s Pizza

In other 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 transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s 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 sale, the executive vice president now owns 1,966 shares of the company’s stock, 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 owned by company insiders.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $459.59 on Monday. The company has a fifty day moving average price of $436.83 and a two-hundred day moving average price of $451.84. Domino’s Pizza, Inc. has a one year low of $392.52 and a one year high of $542.75. The stock has a market cap of $15.87 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.52 and a beta of 0.88.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $4.18 EPS. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is presently 37.10%.

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.