Rockland Trust Co. Reduces Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Rockland Trust Co. cut its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 13.0% during the third quarter, HoldingsChannel reports. The firm owned 721 shares of the restaurant operator’s stock after selling 108 shares during the period. Rockland Trust Co.’s holdings in Domino’s Pizza were worth $310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NEOS Investment Management LLC purchased a new position in Domino’s Pizza during the 4th quarter worth $204,000. Royal London Asset Management Ltd. lifted its position in shares of Domino’s Pizza by 0.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 13,442 shares of the restaurant operator’s stock valued at $5,541,000 after acquiring an additional 125 shares during the period. Goldman Sachs Group Inc. boosted its position in Domino’s Pizza by 13.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 303,916 shares of the restaurant operator’s stock worth $125,283,000 after purchasing an additional 35,179 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 in the last quarter. Finally, Cibc World Markets Corp lifted its holdings in shares of Domino’s Pizza by 39.6% in the fourth quarter. Cibc World Markets Corp now owns 8,804 shares of the restaurant operator’s stock valued at $3,629,000 after purchasing an additional 2,496 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NYSE DPZ traded up $4.42 during trading hours on Friday, hitting $425.31. 569,029 shares of the company’s stock were exchanged, compared to its average volume of 598,755. The company’s 50-day moving average price is $423.01 and its 200-day moving average price is $470.98. The stock 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, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.08 earnings per share. On average, research analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued 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 is currently 39.43%.

Analyst Ratings Changes

DPZ has been the topic of a number of analyst reports. Wedbush decreased their price objective on Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen decreased their target price on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. increased their price target on Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $507.00.

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.