Larson Financial Group LLC Grows Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Larson Financial Group LLC boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 49.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 989 shares of the restaurant operator’s stock after buying an additional 326 shares during the period. Larson Financial Group LLC’s holdings in Domino’s Pizza were worth $425,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DPZ. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. raised its position in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Versant Capital Management Inc lifted its stake in Domino’s Pizza by 654.5% during 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza during the third quarter worth $43,000. Finally, Crewe Advisors LLC grew its stake in shares of Domino’s Pizza by 46.6% in the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $472.86 on Wednesday. Domino’s Pizza, Inc. has a one year low of $370.17 and a one year high of $542.75. The stock has a market capitalization of $16.33 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. The business’s 50-day simple moving average is $428.20 and its 200-day simple moving average is $454.75.

Domino’s Pizza (NYSE:DPZ) last issued 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.18 earnings per share. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS 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. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In other news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated 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 sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This 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 accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on DPZ shares. Wedbush restated an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Jefferies Financial Group cut their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Evercore ISI decreased their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Stephens cut their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza 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.