Creative Planning Reduces Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Creative Planning lowered its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,179 shares of the restaurant operator’s stock after selling 418 shares during the quarter. Creative Planning’s holdings in Domino’s Pizza were worth $937,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the third quarter worth about $30,000. Blue Trust Inc. increased its stake in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza in the first quarter valued at approximately $36,000. Versant Capital Management Inc grew its position 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 worth $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $425.98 on Friday. The stock has a 50-day simple moving average of $418.15 and a 200-day simple moving average of $461.89. The stock has a market capitalization of $14.71 billion, a P/E ratio of 26.17, a PEG ratio of 2.21 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $345.76 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $4.18 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that Domino’s Pizza, Inc. will post 16.81 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.42%. Domino’s Pizza’s payout ratio is currently 37.10%.

Insider Activity

In other news, Director Andrew Balson sold 6,970 shares of the company’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 sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent research reports. BMO Capital Markets decreased their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Wells Fargo & Company decreased their price target on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Oppenheimer reissued an “outperform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Stephens reduced their target price on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Finally, Jefferies Financial Group reduced their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

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.