Victory Capital Management Inc. Increases Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Victory Capital Management Inc. boosted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,823 shares of the restaurant operator’s stock after acquiring an additional 8,964 shares during the period. Victory Capital Management Inc. owned 0.29% of Domino’s Pizza worth $42,508,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza during the 3rd quarter valued at about $30,000. Blue Trust Inc. grew its stake in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the 1st quarter valued at about $36,000. Versant Capital Management Inc boosted its holdings in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.3 %

Shares of NYSE:DPZ opened at $430.43 on Friday. Domino’s Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75. The company’s 50 day moving average is $423.60 and its two-hundred day moving average is $458.53. The company has a market cap of $14.86 billion, a PE ratio of 26.44, a P/E/G ratio of 2.36 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $4.18 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. Evercore ISI decreased their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Stephens decreased their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Bank of America decreased their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Morgan Stanley decreased their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, TD Cowen reiterated a “buy” rating and issued a $475.00 target price on shares of Domino’s Pizza in a 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.38.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.