IMS Capital Management Decreases Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

IMS Capital Management lowered its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 986 shares of the restaurant operator’s stock after selling 25 shares during the period. IMS Capital Management’s holdings in Domino’s Pizza were worth $424,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC raised its stake in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza during the third quarter valued at $30,000. Blue Trust Inc. lifted its holdings in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza in the third quarter worth about $43,000. Finally, Crewe Advisors LLC grew its stake in shares of Domino’s Pizza by 46.6% during the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling

In other news, Director Andrew Balson sold 6,970 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated 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. The trade was a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DPZ shares. Guggenheim reduced their target price on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. BMO Capital Markets decreased their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. BTIG Research cut their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Stephens cut their price objective on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $446.79 on Wednesday. Domino’s Pizza, Inc. has a 1-year low of $395.08 and a 1-year high of $542.75. The company’s 50-day moving average is $441.44 and its 200 day moving average is $449.30. The firm has a market capitalization of $15.43 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.

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, topping analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $4.18 EPS. Research analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend 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.