National Bank of Canada FI Purchases 5,599 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

National Bank of Canada FI increased its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 40.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,409 shares of the restaurant operator's stock after buying an additional 5,599 shares during the quarter. National Bank of Canada FI owned about 0.06% of Domino's Pizza worth $8,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in shares of Domino's Pizza in the 3rd quarter valued at approximately $549,399,000. Charles Schwab Investment Management Inc. raised its position in Domino's Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock valued at $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Commerce Bank lifted its stake in Domino's Pizza by 17.7% during the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator's stock worth $4,024,000 after purchasing an additional 1,404 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Domino's Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator's stock valued at $25,737,000 after purchasing an additional 44,688 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of 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 purchasing an additional 1,350 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm's 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 transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 1,966 shares of the company's stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Domino's Pizza Stock Up 1.6 %

DPZ traded up $7.54 during midday trading on Thursday, hitting $464.89. The company had a trading volume of 484,469 shares, compared to its average volume of 603,582. The stock's 50 day moving average price is $438.54 and its 200 day moving average price is $451.23. Domino's Pizza, Inc. has a 52 week low of $393.00 and a 52 week high of $542.75. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.48 and a beta of 0.88.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.18 EPS. Research analysts predict that Domino's Pizza, Inc. will post 16.82 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio is currently 37.10%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DPZ shares. Wedbush reaffirmed an "outperform" rating and issued a $470.00 price objective on shares of Domino's Pizza in a research note on Friday, October 11th. Wells Fargo & Company decreased their price target on shares of Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. Citigroup dropped their price objective on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Jefferies Financial Group decreased their target price on shares of Domino's Pizza from $455.00 to $450.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Finally, Loop Capital upgraded Domino's Pizza from a "hold" rating to a "buy" rating and increased their price target for the company from $419.00 to $559.00 in a research note on Friday, November 8th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $495.76.

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.