Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 45.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 894 shares of the restaurant operator’s stock after purchasing an additional 280 shares during the period. Sequoia Financial Advisors LLC’s holdings in Domino’s Pizza were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza during the third quarter worth $30,000. Blue Trust Inc. lifted 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 worth $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza during the 1st quarter valued at about $36,000. Versant Capital Management Inc boosted its holdings in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares during the period. 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.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza 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 value of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $413.81 on Monday. Domino’s Pizza, Inc. has a one year low of $332.13 and a one year high of $542.75. The company has a market cap of $14.43 billion, a P/E ratio of 27.01, a PEG ratio of 2.23 and a beta of 0.86. The firm has a fifty day moving average of $419.12 and a two-hundred day moving average of $464.22.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Analyst Ratings Changes

Several brokerages recently weighed in on DPZ. Evercore ISI cut 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 research note on Monday, October 7th. BTIG Research cut their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Guggenheim decreased their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Oppenheimer restated an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $489.55.

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.