abrdn plc Buys 119 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

abrdn plc boosted its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,432 shares of the restaurant operator’s stock after buying an additional 119 shares during the quarter. abrdn plc’s holdings in Domino’s Pizza were worth $5,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza in the third quarter worth approximately $30,000. Blue Trust Inc. grew its position in Domino’s Pizza by 162.5% in the 2nd 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 last quarter. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the first quarter worth $36,000. Versant Capital Management Inc lifted 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 purchasing an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino’s Pizza during the third quarter valued at $43,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DPZ. Piper Sandler decreased their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Oppenheimer reaffirmed an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Royal Bank of Canada dropped their price objective 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. Bank of America decreased their target price 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, Barclays dropped their price target on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $489.55.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The stock was 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 approximately $6,591,075.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $425.83 on Monday. The business has a fifty day moving average of $418.15 and a 200 day moving average of $461.71. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.23 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 released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $4.18 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Domino’s Pizza, Inc. will post 16.81 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

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 paid a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.42%. Domino’s Pizza’s payout ratio is currently 37.10%.

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.