Point72 Asset Management L.P. Has $21.13 Million Position in Domino's Pizza, Inc. (NYSE:DPZ)

Point72 Asset Management L.P. reduced its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 64.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,122 shares of the restaurant operator's stock after selling 90,897 shares during the period. Point72 Asset Management L.P. owned 0.14% of Domino's Pizza worth $21,129,000 at the end of the most recent quarter.

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

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $5.53 during trading on Friday, hitting $459.88. 386,800 shares of the stock were exchanged, compared to its average volume of 605,859. The stock's fifty day moving average is $436.21 and its 200 day moving average is $453.08. The stock has a market cap of $15.88 billion, a PE ratio of 28.81, a P/E/G ratio of 2.49 and a beta of 0.88. Domino's Pizza, Inc. has a 12 month low of $392.52 and a 12 month high of $542.75.

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

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio is currently 37.10%.

Insider Transactions at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction on 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 owns 1,966 shares of the company's stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a report on Friday, October 11th. Citigroup lowered their price objective on shares of 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. Barclays decreased their price objective on Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating for the company in a report on Friday, October 11th. Robert W. Baird decreased their price target on Domino's Pizza from $580.00 to $535.00 and set an "outperform" rating on the stock in a research report on Thursday, September 12th. Finally, Stephens cut their price target on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.