Moloney Securities Asset Management LLC Raises Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Moloney Securities Asset Management LLC grew its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,846 shares of the restaurant operator’s stock after acquiring an additional 215 shares during the period. Moloney Securities Asset Management LLC’s holdings in Domino’s Pizza were worth $1,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DPZ. Signaturefd LLC boosted its holdings in Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after buying an additional 27 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after buying an additional 28 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Domino’s Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after buying an additional 29 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in Domino’s Pizza by 2.6% during the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock worth $622,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Piper Sandler reduced their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Morgan Stanley reduced their price target 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. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $489.55.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $428.00 on Wednesday. Domino’s Pizza, Inc. has a one year low of $361.82 and a one year high of $542.75. The company has a 50 day moving average price of $418.26 and a 200 day moving average price of $461.21. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $4.18 earnings per share. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.81 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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 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 1.41%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by insiders.

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.