Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 36.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 583 shares of the restaurant operator’s stock after selling 329 shares during the quarter. ClearAlpha Technologies LP’s holdings in Domino’s Pizza were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. Benjamin Edwards Inc. purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth $1,154,000. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza in the third quarter valued at about $549,399,000. True Wealth Design LLC boosted its stake in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Domino’s Pizza by 584.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,189 shares of the restaurant operator’s stock worth $4,383,000 after buying an additional 8,700 shares during the period. Finally, William Allan Corp increased its position in shares of Domino’s Pizza by 5.7% during the third quarter. William Allan Corp now owns 2,781 shares of the restaurant operator’s stock valued at $1,196,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 2.1 %

Shares of NYSE DPZ opened at $466.18 on Tuesday. The stock has a market cap of $16.10 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. Domino’s Pizza, Inc. has a 52-week low of $390.48 and a 52-week high of $542.75. The business has a 50-day moving average price of $433.11 and a 200 day moving average price of $453.58.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.18 earnings per share. Sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.30%. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group decreased their price target on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Barclays cut their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Insider Activity

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

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.