Pathstone Holdings LLC Sells 60 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Pathstone Holdings LLC reduced its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,301 shares of the restaurant operator’s stock after selling 60 shares during the quarter. Pathstone Holdings LLC’s holdings in Domino’s Pizza were worth $2,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after acquiring an additional 27 shares during the last quarter. Portside Wealth Group LLC grew its position in Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 28 shares in the last quarter. Larson Financial Group LLC increased its stake in Domino’s Pizza by 4.6% in the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after acquiring an additional 29 shares during the last quarter. Finally, Capital Insight Partners LLC raised its position in Domino’s Pizza by 2.6% during the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 30 shares in the last quarter. 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 transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several recent research reports. Stephens reduced their price objective on 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. TD Cowen increased their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Citigroup decreased their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, BMO Capital Markets cut their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $472.86 on Wednesday. The company has a 50 day simple moving average of $428.20 and a two-hundred day simple moving average of $454.75. Domino’s Pizza, Inc. has a fifty-two week low of $370.17 and a fifty-two week high of $542.75. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data 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 negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is 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.