Exchange Traded Concepts LLC Has $647,000 Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Exchange Traded Concepts LLC increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 7,821.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,505 shares of the restaurant operator’s stock after acquiring an additional 1,486 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Domino’s Pizza were worth $647,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DPZ. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza during the third quarter valued at $30,000. Blue Trust Inc. lifted its stake in shares of Domino’s Pizza by 162.5% during 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 during the period. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza during the first quarter valued at $36,000. Versant Capital Management Inc lifted its stake in shares of Domino’s Pizza by 654.5% during the second 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 period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Domino’s Pizza in the third quarter valued at about $43,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Piper Sandler dropped their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. BTIG Research dropped their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. Bank of America dropped their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Evercore ISI dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. One 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $489.55.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $428.85 on Friday. Domino’s Pizza, Inc. has a 52 week low of $332.13 and a 52 week high of $542.75. The stock has a market capitalization of $14.96 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock has a 50 day moving average price of $421.23 and a 200 day moving average price of $467.34.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $4.18 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s payout ratio is 39.43%.

Insider Activity

In other news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.76% of the company’s stock.

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.