Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Savvy Advisors Inc.

Savvy Advisors Inc. cut its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 38.0% in the third quarter, HoldingsChannel.com reports. The firm owned 694 shares of the restaurant operator’s stock after selling 425 shares during the quarter. Savvy Advisors Inc.’s holdings in Domino’s Pizza were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares during the period. Marshfield Associates grew its position in shares of Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after buying an additional 2,271 shares in the last quarter. International Assets Investment Management LLC increased its stake in Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised 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 worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction dated 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 in the company, valued at $6,591,075.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Bank of America cut their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, Morgan Stanley reduced their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued 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 an average target price of $494.38.

Domino’s Pizza Trading Down 0.2 %

DPZ stock opened at $439.55 on Thursday. The company’s 50-day moving average price is $422.65 and its 200 day moving average price is $459.36. Domino’s Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75. The company has a market cap of $15.18 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.37 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $4.18 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

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 issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

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.