Oddo BHF Asset Management Sas Buys Shares of 3,834 Domino's Pizza, Inc. (NYSE:DPZ)

Oddo BHF Asset Management Sas purchased a new position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,834 shares of the restaurant operator's stock, valued at approximately $1,649,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its holdings in shares of Domino's Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Domino's Pizza during the third quarter worth $30,000. Blue Trust Inc. lifted its stake in shares of Domino's Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino's Pizza during the 3rd quarter worth $43,000. Finally, Crewe Advisors LLC boosted its position in Domino's Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock valued at $55,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Transactions at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of the 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 completion of the sale, the director now directly owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm'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 owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Domino's Pizza Stock Performance

Shares of NYSE:DPZ traded down $10.18 during trading hours on Friday, reaching $453.17. The stock had a trading volume of 501,195 shares, compared to its average volume of 603,159. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 2.47 and a beta of 0.88. The firm's 50 day moving average is $439.97 and its 200-day moving average is $450.99. Domino's Pizza, Inc. has a 1 year low of $395.08 and a 1 year high of $542.75.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for 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%. Domino's Pizza's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.18 earnings per share. Analysts forecast that Domino's Pizza, Inc. will post 16.82 EPS for the current year.

Domino's Pizza Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Oppenheimer reiterated an "outperform" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Friday, October 11th. TD Cowen upped their target price on Domino's Pizza from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, November 25th. BMO Capital Markets decreased their price target on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 11th. Finally, Wells Fargo & Company dropped their price target on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $495.76.

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.