Global Retirement Partners LLC Sells 53 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Global Retirement Partners LLC reduced its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,644 shares of the restaurant operator’s stock after selling 53 shares during the quarter. Global Retirement Partners LLC’s holdings in Domino’s Pizza were worth $707,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DPZ. Vanguard Group Inc. raised its holdings in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the period. Marshfield Associates raised its holdings in Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after acquiring an additional 2,271 shares during the period. TD Asset Management Inc raised its holdings in Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Domino’s Pizza by 4.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after acquiring an additional 18,030 shares during the period. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 0.1 %

NYSE DPZ opened at $428.85 on Monday. The firm’s fifty day simple moving average is $421.23 and its two-hundred day simple moving average is $467.13. Domino’s Pizza, Inc. has a 12-month low of $332.13 and a 12-month high of $542.75. The firm has a market capitalization of $14.96 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly 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. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.18 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays cut their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Piper Sandler dropped their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Stephens dropped their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Bank of America dropped their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, BTIG Research dropped their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $489.55.

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.