Commerce Bank Boosts Stake in Domino's Pizza, Inc. (NYSE:DPZ)

Commerce Bank lifted its position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,354 shares of the restaurant operator's stock after buying an additional 1,404 shares during the quarter. Commerce Bank's holdings in Domino's Pizza were worth $4,024,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP raised its stake in Domino's Pizza by 701.3% in the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator's stock valued at $2,385,000 after acquiring an additional 4,201 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $221,003,000 after buying an additional 230,090 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Domino's Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator's stock worth $25,737,000 after buying an additional 44,688 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Domino's Pizza by 130.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator's stock valued at $1,232,000 after buying an additional 1,350 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Domino's Pizza by 422.7% in the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator's stock valued at $3,836,000 after acquiring an additional 6,244 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DPZ has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating and issued a $470.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Jefferies Financial Group lowered their price objective on Domino's Pizza from $455.00 to $450.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Benchmark reissued a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and raised their price target for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Bank of America cut their price objective on shares of Domino's Pizza from $582.00 to $557.00 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 assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $494.38.

Insider Transactions at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction that occurred 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 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 transaction 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 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 transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. The trade was 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 Trading Up 1.7 %

NYSE:DPZ traded up $7.50 during trading hours on Friday, hitting $453.35. 518,090 shares of the company were exchanged, compared to its average volume of 610,337. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. Domino's Pizza, Inc. has a one year low of $367.24 and a one year high of $542.75. The company has a fifty day simple moving average of $427.00 and a 200 day simple moving average of $455.94.

Domino's Pizza (NYSE:DPZ - Get Free Report) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Domino's Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. 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 1.33%. Domino's Pizza's dividend payout ratio (DPR) is currently 37.10%.

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.