Public Sector Pension Investment Board Cuts Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Public Sector Pension Investment Board reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 46.2% in the third quarter, HoldingsChannel reports. The firm owned 84,076 shares of the restaurant operator’s stock after selling 72,260 shares during the period. Public Sector Pension Investment Board’s holdings in Domino’s Pizza were worth $36,164,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DPZ. Central Pacific Bank Trust Division purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its stake 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 acquiring an additional 39 shares in the last quarter. 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. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza during the third quarter worth $43,000. Finally, Crewe Advisors LLC increased its position in shares of Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 34 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s 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 transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the company’s 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 of the company’s stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DPZ shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Royal Bank of Canada dropped their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. TD Cowen lifted their target price on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Piper Sandler cut their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $472.48 on Thursday. The stock has a 50 day simple moving average of $429.41 and a 200-day simple moving average of $454.42. Domino’s Pizza, Inc. has a 1-year low of $383.05 and a 1-year high of $542.75. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.52 and a beta of 0.86.

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, topping analysts’ consensus estimates 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio 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.