Harbor Capital Advisors Inc. Buys 2,036 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Harbor Capital Advisors Inc. boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 108.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,913 shares of the restaurant operator’s stock after acquiring an additional 2,036 shares during the period. Harbor Capital Advisors Inc.’s holdings in Domino’s Pizza were worth $1,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $313,000. GSA Capital Partners LLP raised its position in shares of Domino’s Pizza by 83.3% in the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after acquiring an additional 765 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Domino’s Pizza by 124.0% in the 1st quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock valued at $315,000 after purchasing an additional 351 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Domino’s Pizza by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 7,201 shares of the restaurant operator’s stock valued at $3,578,000 after purchasing an additional 156 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Domino’s Pizza by 7.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,037 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DPZ shares. Piper Sandler cut their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. TD Cowen restated a “buy” rating and issued a $475.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. BMO Capital Markets dropped their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Loop Capital restated a “hold” rating and issued a $419.00 target price on shares of Domino’s Pizza in a research note on Friday, September 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $470.00 target price 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 issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $489.55.

Insider Buying and Selling at Domino’s Pizza

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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $428.00 on Wednesday. The company has a market capitalization of $14.78 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86. The company’s 50-day moving average is $418.26 and its 200 day moving average is $461.21. Domino’s Pizza, Inc. has a fifty-two week low of $361.82 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $4.18 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict that Domino’s Pizza, Inc. will post 16.81 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 given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 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.