Moors & Cabot Inc. Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Moors & Cabot Inc. acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 475 shares of the restaurant operator’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DPZ. First Horizon Advisors Inc. lifted its position in Domino’s Pizza by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock worth $185,000 after buying an additional 40 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Domino’s Pizza by 75.3% in the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after acquiring an additional 92,137 shares during the last quarter. Commerce Bank boosted its stake in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 shares during the period. Strategy Asset Managers LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth about $357,000. Finally, Avior Wealth Management LLC grew its holdings in Domino’s Pizza by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator’s stock valued at $197,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. Benchmark restated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the company from $419.00 to $559.00 in a report on Friday, November 8th. BMO Capital Markets reduced their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Evercore ISI lowered their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.38.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction 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 approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Domino’s Pizza Trading Up 1.7 %

Shares of DPZ opened at $453.35 on Monday. The firm has a market cap of $15.66 billion, a PE ratio of 27.85, a P/E/G ratio of 2.40 and a beta of 0.86. Domino’s Pizza, Inc. has a 12 month low of $367.24 and a 12 month high of $542.75. The stock has a fifty day moving average price of $427.00 and a 200-day moving average price of $455.08.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS 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 analysts’ expectations of $1.10 billion. During the same period last year, the business posted $4.18 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS 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 given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend 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.