Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 20.9% in the third quarter, Holdings Channel reports. The institutional investor owned 15,564 shares of the restaurant operator’s stock after selling 4,116 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Domino’s Pizza were worth $6,695,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DPZ. FORA Capital LLC acquired a new position in Domino’s Pizza during the 3rd quarter worth $2,158,000. Cynosure Group LLC raised its stake in shares of Domino’s Pizza by 23.0% in the 3rd quarter. Cynosure Group LLC now owns 920 shares of the restaurant operator’s stock valued at $396,000 after purchasing an additional 172 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Domino’s Pizza by 37.0% during the third quarter. Townsquare Capital LLC now owns 7,772 shares of the restaurant operator’s stock worth $3,343,000 after purchasing an additional 2,099 shares during the last quarter. Cadence Bank grew its stake in Domino’s Pizza by 2.3% in the third quarter. Cadence Bank now owns 11,199 shares of the restaurant operator’s stock worth $4,817,000 after purchasing an additional 253 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Domino’s Pizza by 9.8% in the third quarter. D.A. Davidson & CO. now owns 4,513 shares of the restaurant operator’s stock valued at $1,941,000 after buying an additional 404 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s 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 trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Up 0.8 %

Shares of Domino’s Pizza stock opened at $476.19 on Monday. The business has a fifty day simple moving average of $433.11 and a 200-day simple moving average of $454.04. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. Domino’s Pizza, Inc. has a fifty-two week low of $386.88 and a fifty-two week 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 for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.18 EPS. Analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.27%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Robert W. Baird reduced 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 report on Thursday, September 12th. Finally, Royal Bank of Canada decreased their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $495.76.

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.