Prosperity Financial Group Inc. Purchases 104 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Prosperity Financial Group Inc. grew its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 717 shares of the restaurant operator’s stock after acquiring an additional 104 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Domino’s Pizza were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza during the third quarter valued at $30,000. Blue Trust Inc. raised its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza during the third quarter valued at approximately $43,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 34 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on DPZ shares. TD Cowen restated a “buy” rating and issued a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Jefferies Financial Group dropped their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Bank of America decreased their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada decreased their price target on 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. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $494.38.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Domino’s Pizza Price Performance

DPZ opened at $453.35 on Monday. The stock has a market cap of $15.65 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.44 and a beta of 0.86. The firm has a fifty day moving average price of $427.00 and a 200 day moving average price of $455.08. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75.

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

Domino’s Pizza Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

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.