Asset Management Group Inc. Purchases 256 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Asset Management Group Inc. increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,356 shares of the restaurant operator’s stock after purchasing an additional 256 shares during the quarter. Domino’s Pizza makes up approximately 1.5% of Asset Management Group Inc.’s holdings, making the stock its 22nd largest holding. Asset Management Group Inc.’s holdings in Domino’s Pizza were worth $8,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Trust N.A. boosted its holdings in Domino’s Pizza by 16.7% in the third quarter. Raymond James Trust N.A. now owns 839 shares of the restaurant operator’s stock valued at $361,000 after acquiring an additional 120 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after buying an additional 2,201 shares during the period. Moran Wealth Management LLC raised its stake in Domino’s Pizza by 34.1% in the third quarter. Moran Wealth Management LLC now owns 1,777 shares of the restaurant operator’s stock worth $764,000 after buying an additional 452 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in Domino’s Pizza in the third quarter worth about $204,000. Finally, First Horizon Advisors Inc. boosted its position in Domino’s Pizza by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ stock opened at $446.48 on Friday. Domino’s Pizza, Inc. has a one year low of $367.24 and a one year high of $542.75. The firm has a market cap of $15.42 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.37 and a beta of 0.86. The firm has a 50-day simple moving average of $425.99 and a two-hundred day simple moving average of $456.43.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $4.18 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm 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 $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DPZ. Robert W. Baird lowered their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Morgan Stanley lowered their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Citigroup lowered their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Oppenheimer restated an “outperform” rating and issued a $490.00 price objective on shares of Domino’s Pizza 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $494.38.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

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.