First Trust Direct Indexing L.P. Trims Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

First Trust Direct Indexing L.P. lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 23.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 788 shares of the restaurant operator’s stock after selling 238 shares during the period. First Trust Direct Indexing L.P.’s holdings in Domino’s Pizza were worth $339,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after buying an additional 222,949 shares during the period. Marshfield Associates increased its stake in Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after acquiring an additional 2,271 shares during the last quarter. TD Asset Management Inc raised its position in Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after purchasing an additional 138,224 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of 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 during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Royal Bank of Canada reduced their price target on shares of 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. Stephens lowered their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. TD Cowen reissued a “buy” rating and issued a $475.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $489.55.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $429.98 on Tuesday. Domino’s Pizza, Inc. has a 1 year low of $361.82 and a 1 year high of $542.75. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The business has a 50-day moving average of $418.15 and a two-hundred day moving average of $461.57.

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 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 period in the prior year, the company posted $4.18 earnings per share. The firm’s quarterly 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.40%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insider Activity at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza 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 owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is owned by corporate insiders.

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.