Caprock Group LLC Cuts Stock Position in Domino's Pizza, Inc. (NYSE:DPZ)

Caprock Group LLC cut its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 57.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,226 shares of the restaurant operator's stock after selling 1,642 shares during the period. Caprock Group LLC's holdings in Domino's Pizza were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DPZ. Swiss National Bank lifted its position in shares of Domino's Pizza by 0.4% during the 3rd quarter. Swiss National Bank now owns 103,500 shares of the restaurant operator's stock valued at $44,519,000 after buying an additional 400 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Domino's Pizza by 77.4% in the third quarter. Empowered Funds LLC now owns 3,951 shares of the restaurant operator's stock worth $1,699,000 after purchasing an additional 1,724 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Domino's Pizza by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 5,093 shares of the restaurant operator's stock valued at $2,191,000 after purchasing an additional 405 shares during the period. KBC Group NV boosted its holdings in Domino's Pizza by 68.4% in the 3rd quarter. KBC Group NV now owns 5,081 shares of the restaurant operator's stock worth $2,186,000 after buying an additional 2,064 shares during the period. Finally, Fortis Capital Management LLC increased its stake in Domino's Pizza by 10.6% in the 3rd quarter. Fortis Capital Management LLC now owns 1,851 shares of the restaurant operator's stock worth $796,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Up 1.7 %

Shares of Domino's Pizza stock traded up $7.50 on Friday, hitting $453.35. 518,090 shares of the company traded hands, compared to its average volume of 610,337. Domino's Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75. The company has a market cap of $15.66 billion, a PE ratio of 27.85, a PEG ratio of 2.40 and a beta of 0.86. The stock's 50 day moving average price is $427.00 and its 200-day moving average price is $455.94.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly 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 negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $4.18 EPS. The business's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Domino's Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino's Pizza's payout ratio is currently 37.10%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut 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. Piper Sandler dropped their price objective on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Finally, BTIG Research cut their price target on Domino's Pizza from $580.00 to $500.00 and set a "buy" rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $494.38.

Insider Buying and Selling at Domino's Pizza

In related news, Director Andrew Balson sold 6,970 shares of Domino's Pizza stock in a transaction that occurred 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 completion of the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm's stock in a transaction on Friday, November 15th. The stock was 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 directly owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Domino's Pizza 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.