Field & Main Bank Reduces Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Field & Main Bank lessened its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140 shares of the restaurant operator’s stock after selling 35 shares during the period. Field & Main Bank’s holdings in Domino’s Pizza were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DPZ. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza in the third quarter valued at $30,000. Blue Trust Inc. boosted 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 acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the first quarter valued at $36,000. Versant Capital Management Inc boosted its stake in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza in the third quarter valued at $43,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DPZ shares. BMO Capital Markets decreased their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Barclays decreased their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the stock from $419.00 to $559.00 in a research note on Friday. TD Cowen reiterated a “buy” rating and set a $475.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $494.38.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on 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 transaction, the director now owns 15,390 shares in the company, valued at $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 available through this link. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Price Performance

Shares of DPZ opened at $459.73 on Friday. The firm has a 50 day simple moving average of $420.58 and a 200-day simple moving average of $460.44. Domino’s Pizza, Inc. has a 1-year low of $367.24 and a 1-year high of $542.75. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.38 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $4.18 earnings per share. Domino’s Pizza’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued 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 dividend yield of 1.31%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 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.