Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 65.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,925 shares of the restaurant operator’s stock after selling 7,562 shares during the quarter. Bridgewater Associates LP’s holdings in Domino’s Pizza were worth $1,688,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza in the third quarter worth about $30,000. Blue Trust Inc. raised its stake in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Versant Capital Management Inc raised its stake in Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza during the third quarter valued at approximately $43,000. Finally, Crewe Advisors LLC raised its stake in Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DPZ. Loop Capital upgraded 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. Evercore ISI cut their price objective on 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. Citigroup cut their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. TD Cowen upped their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group lowered their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on 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 in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction on 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 sale, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $476.19 on Monday. The stock has a fifty day moving average price of $433.11 and a two-hundred day moving average price of $454.04. The firm has a market cap of $16.44 billion, a P/E ratio of 29.25, a PEG ratio of 2.57 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $386.88 and a 1 year high of $542.75.

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, beating 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%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $4.18 EPS. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.82 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. Shareholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 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.