Central Pacific Bank Trust Division Takes Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Central Pacific Bank Trust Division bought a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70 shares of the restaurant operator’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. NEOS Investment Management LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $204,000. Royal London Asset Management Ltd. raised its stake in Domino’s Pizza by 0.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 13,442 shares of the restaurant operator’s stock valued at $5,541,000 after purchasing an additional 125 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Domino’s Pizza by 13.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 303,916 shares of the restaurant operator’s stock worth $125,283,000 after buying an additional 35,179 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Domino’s Pizza by 190.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,727 shares of the restaurant operator’s stock worth $1,949,000 after buying an additional 3,102 shares during the last quarter. Finally, Cibc World Markets Corp raised its position in shares of Domino’s Pizza by 39.6% during the 4th quarter. Cibc World Markets Corp now owns 8,804 shares of the restaurant operator’s stock valued at $3,629,000 after buying an additional 2,496 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Loop Capital reissued a “hold” rating and issued a $419.00 target price on shares of Domino’s Pizza in a research note on Friday, September 20th. Guggenheim cut their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Benchmark lowered their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, TD Cowen lowered their price target on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.00.

Domino’s Pizza Trading Up 1.1 %

DPZ traded up $4.42 during midday trading on Friday, reaching $425.31. The company’s stock had a trading volume of 569,029 shares, compared to its average volume of 598,755. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The stock’s 50-day moving average is $422.85 and its 200-day moving average is $471.10. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $3.08 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

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.