Domino’s Pizza, Inc. (NYSE:DPZ) Shares Bought by Commerce Bank

Commerce Bank raised its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 17.7% during the 3rd quarter, Holdings Channel reports. The firm owned 9,354 shares of the restaurant operator’s stock after purchasing an additional 1,404 shares during the quarter. Commerce Bank’s holdings in Domino’s Pizza were worth $4,024,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bayesian Capital Management LP grew its holdings in Domino’s Pizza by 701.3% during the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after buying an additional 4,201 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Domino’s Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after purchasing an additional 44,688 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Domino’s Pizza by 130.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Domino’s Pizza by 422.7% during the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock worth $3,836,000 after purchasing an additional 6,244 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Royal Bank of Canada reduced 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. BMO Capital Markets lowered their price objective on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, BTIG Research lowered their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Insiders Place Their Bets

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Up 1.6 %

Shares of DPZ opened at $452.81 on Friday. Domino’s Pizza, Inc. has a 52-week low of $367.24 and a 52-week high of $542.75. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.37 and a beta of 0.86. The business’s 50 day moving average is $427.00 and its two-hundred day moving average is $455.94.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $4.18 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.33%. Domino’s Pizza’s payout ratio is 37.10%.

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.