Marshfield Associates Buys 1,521 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

Marshfield Associates boosted its holdings in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 715,002 shares of the restaurant operator's stock after purchasing an additional 1,521 shares during the quarter. Domino's Pizza comprises 6.5% of Marshfield Associates' portfolio, making the stock its 6th biggest holding. Marshfield Associates owned 2.07% of Domino's Pizza worth $307,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. Cetera Advisors LLC bought a new stake in Domino's Pizza during the 1st quarter valued at approximately $581,000. QRG Capital Management Inc. bought a new stake in Domino's Pizza in the 2nd quarter worth approximately $266,000. Czech National Bank increased its stake in Domino's Pizza by 8.3% in the 2nd quarter. Czech National Bank now owns 6,646 shares of the restaurant operator's stock worth $3,432,000 after acquiring an additional 509 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Domino's Pizza by 6.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 614 shares of the restaurant operator's stock worth $317,000 after acquiring an additional 35 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Domino's Pizza by 6.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,457 shares of the restaurant operator's stock worth $2,301,000 after acquiring an additional 257 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DPZ. JPMorgan Chase & Co. reduced their price objective on Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Barclays reduced their price objective on Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating on the stock in a research note on Friday, October 11th. Citigroup cut their target price on Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Bank of America cut their target price on Domino's Pizza from $582.00 to $557.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, Oppenheimer reissued an "outperform" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus price target of $495.76.

Domino's Pizza Trading Down 0.8 %

DPZ traded down $3.56 during trading on Tuesday, hitting $454.18. The company's stock had a trading volume of 489,190 shares, compared to its average volume of 604,946. Domino's Pizza, Inc. has a twelve month low of $392.61 and a twelve month high of $542.75. The business's fifty day simple moving average is $437.85 and its 200 day simple moving average is $451.19. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.48 and a beta of 0.88.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned $4.18 earnings per share. Domino's Pizza's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Domino's Pizza, Inc. will post 16.82 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. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino's Pizza's dividend payout ratio is presently 37.10%.

Insider Transactions at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of Domino's Pizza stock in a transaction that occurred 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 sale, the director now directly owns 15,390 shares of the company's stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.