Champlain Investment Partners LLC Makes New $99.35 Million Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Champlain Investment Partners LLC acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 230,975 shares of the restaurant operator’s stock, valued at approximately $99,352,000. Champlain Investment Partners LLC owned about 0.67% of Domino’s Pizza at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 40,191.5% during the 3rd 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 buying an additional 230,090 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after buying an additional 150,526 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Domino’s Pizza in the second quarter worth $72,296,000. Finally, Jennison Associates LLC raised its holdings in Domino’s Pizza by 75.3% in the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock valued at $92,253,000 after acquiring an additional 92,137 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value 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. The trade was a 31.17 % 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Wedbush reiterated an “outperform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective on 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. Piper Sandler decreased their target price 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. Finally, JPMorgan Chase & Co. dropped their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Domino’s Pizza Trading Up 1.6 %

Shares of NYSE:DPZ opened at $452.81 on Friday. The company has a 50 day moving average of $427.00 and a 200-day moving average of $455.94. The firm has a market cap of $15.64 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.40 and a beta of 0.86. Domino’s Pizza, Inc. has a twelve month low of $367.24 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $4.18 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Announces Dividend

The company 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 yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 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.