Gilbert & Cook Inc. Cuts Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Gilbert & Cook Inc. reduced its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,204 shares of the restaurant operator’s stock after selling 46 shares during the period. Gilbert & Cook Inc.’s holdings in Domino’s Pizza were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza in the third quarter worth $30,000. Blue Trust Inc. grew its holdings in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza in the first quarter worth $36,000. Versant Capital Management Inc grew its holdings in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza in the third quarter worth $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 1.3 %

Shares of NYSE DPZ opened at $430.43 on Friday. Domino’s Pizza, Inc. has a 12-month low of $367.24 and a 12-month high of $542.75. The stock has a market cap of $14.86 billion, a PE ratio of 26.44, a P/E/G ratio of 2.31 and a beta of 0.86. The company has a 50-day moving average of $423.60 and a 200 day moving average of $458.03.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for 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%. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.18 EPS. On average, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.40%. Domino’s Pizza’s payout ratio is 37.10%.

Wall Street Analyst Weigh In

DPZ has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Royal Bank of Canada lowered their price objective on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Benchmark reiterated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Stephens lowered their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $494.38.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’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 transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.76% of the stock is currently owned by company insiders.

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.