Prime Capital Investment Advisors LLC Cuts Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Prime Capital Investment Advisors LLC lessened its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 28.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,151 shares of the restaurant operator’s stock after selling 456 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Domino’s Pizza were worth $495,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Domino’s Pizza by 40,191.5% during the third 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 period. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $221,003,000 after buying an additional 230,090 shares during the period. Vanguard Group Inc. grew its holdings in Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Domino’s Pizza in the second quarter valued at about $72,296,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DPZ. BMO Capital Markets cut their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Piper Sandler reduced their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. Robert W. Baird dropped their price target on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. BTIG Research cut their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was 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 $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Domino’s Pizza Stock Down 1.3 %

Shares of NYSE:DPZ opened at $430.43 on Friday. The firm has a fifty day simple moving average of $423.60 and a two-hundred day simple moving average of $458.53. The stock has a market capitalization of $14.86 billion, a P/E ratio of 26.44, a PEG ratio of 2.36 and a beta of 0.86. Domino’s Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced 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 analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $4.18 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced 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. This represents a $6.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

About Domino’s Pizza

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.