Stifel Financial Corp Sells 6,166 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Stifel Financial Corp lowered its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 29.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,754 shares of the restaurant operator’s stock after selling 6,166 shares during the quarter. Stifel Financial Corp’s holdings in Domino’s Pizza were worth $6,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DPZ. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza in the 3rd quarter valued at $549,399,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 40,191.5% in 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 buying an additional 522,490 shares during the last quarter. FMR LLC grew its stake in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at $99,352,000. Finally, Envestnet Asset Management Inc. grew its stake in Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DPZ. BTIG Research lowered their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Stephens decreased their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of 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, Jefferies Financial Group decreased their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 2.2 %

Shares of NYSE DPZ opened at $453.22 on Friday. Domino’s Pizza, Inc. has a 1-year low of $395.08 and a 1-year high of $542.75. The company has a market cap of $15.65 billion, a PE ratio of 27.84, a P/E/G ratio of 2.47 and a beta of 0.88. The company has a 50-day moving average of $439.97 and a two-hundred day moving average of $450.99.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $4.18 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. 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.