Savvy Advisors Inc. Lowers Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Savvy Advisors Inc. lowered its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 694 shares of the restaurant operator’s stock after selling 425 shares during the quarter. Savvy Advisors Inc.’s holdings in Domino’s Pizza were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DPZ. International Assets Investment Management LLC boosted its stake in Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after purchasing an additional 522,490 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after acquiring an additional 230,090 shares during the last quarter. Vanguard Group Inc. grew its stake in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Domino’s Pizza by 85.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Domino’s Pizza in the 2nd quarter worth $72,296,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $439.55 on Thursday. The company has a market capitalization of $15.18 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.37 and a beta of 0.86. The firm’s fifty day simple moving average is $422.65 and its 200-day simple moving average is $459.36. Domino’s Pizza, Inc. has a 12 month low of $367.24 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.18 EPS. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business 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 1.37%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Insider Transactions at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. Morgan Stanley decreased their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group cut their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Robert W. Baird decreased their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. One equities 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 company. According to MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average target price of $494.38.

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.