Franklin Resources Inc. Has $11.57 Million Stock Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Franklin Resources Inc. raised its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,031 shares of the restaurant operator's stock after acquiring an additional 8,103 shares during the period. Franklin Resources Inc. owned about 0.08% of Domino's Pizza worth $11,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Domino's Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 39 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Domino's Pizza by 21.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,622 shares of the restaurant operator's stock worth $16,844,000 after acquiring an additional 5,743 shares in the last quarter. Railway Pension Investments Ltd raised its holdings in shares of Domino's Pizza by 6.1% during the second quarter. Railway Pension Investments Ltd now owns 41,600 shares of the restaurant operator's stock worth $21,479,000 after acquiring an additional 2,400 shares during the period. Atomi Financial Group Inc. lifted its position in Domino's Pizza by 11.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 637 shares of the restaurant operator's stock valued at $329,000 after acquiring an additional 65 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Domino's Pizza by 2.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,901 shares of the restaurant operator's stock worth $1,498,000 after purchasing an additional 69 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several recent research reports. Robert W. Baird dropped their price target on Domino's Pizza from $580.00 to $535.00 and set an "outperform" rating on the stock in a research note on Thursday, September 12th. Oppenheimer reissued an "outperform" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Morgan Stanley reduced their price target on Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Bank of America decreased their price target on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $495.76.

Domino's Pizza Stock Performance

NYSE:DPZ traded down $1.46 during mid-day trading on Friday, hitting $426.18. 920,495 shares of the stock were exchanged, compared to its average volume of 603,015. The firm's 50-day simple moving average is $442.11 and its 200 day simple moving average is $447.84. Domino's Pizza, Inc. has a fifty-two week low of $395.08 and a fifty-two week high of $542.75. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) 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 company 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 posted $4.18 earnings per share. Domino's Pizza's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Domino's Pizza, Inc. will post 16.82 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently announced 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 is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.42%. Domino's Pizza's payout ratio is presently 37.10%.

Insider Transactions at Domino's Pizza

In related news, Director Andrew Balson sold 6,970 shares of the firm's 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 transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total value 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 trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

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.