Coldstream Capital Management Inc. Sells 69 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Coldstream Capital Management Inc. cut its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 840 shares of the restaurant operator’s stock after selling 69 shares during the period. Coldstream Capital Management Inc.’s holdings in Domino’s Pizza were worth $361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DPZ. Signaturefd LLC raised its stake in Domino’s Pizza by 25.2% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 27 shares during the period. Larson Financial Group LLC grew its position in Domino’s Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after buying an additional 29 shares in the last quarter. Capital Insight Partners LLC grew 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 worth $622,000 after buying an additional 30 shares in the last quarter. Finally, Crewe Advisors LLC raised its holdings in Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $453.17 on Monday. The firm has a 50 day moving average price of $439.97 and a two-hundred day moving average price of $450.16. The stock has a market cap of $15.65 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. Domino’s Pizza, Inc. has a 52-week low of $395.08 and a 52-week high of $542.75.

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. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.18 earnings per share. Analysts predict that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Bank of America decreased their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Stephens cut their price target on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have assigned 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Company 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.