Doliver Advisors LP Takes $580,000 Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Doliver Advisors LP purchased a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,381 shares of the restaurant operator’s stock, valued at approximately $580,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in 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 valued at $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza during the third quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza in the 3rd quarter valued at approximately $43,000. Blue Trust Inc. lifted its position in Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after buying an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 88 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DPZ has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. BTIG Research cut their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Wedbush reissued an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Guggenheim reduced their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Finally, Oppenheimer restated an “outperform” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Price Performance

Shares of DPZ traded down $10.56 during trading hours on Monday, hitting $427.52. The stock had a trading volume of 321,238 shares, compared to its average volume of 448,154. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.47 and a beta of 0.90. The company’s fifty day moving average is $442.75 and its two-hundred day moving average is $440.45. Domino’s Pizza, Inc. has a 52 week low of $395.08 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $4.18 earnings per share. Equities analysts predict that Domino’s Pizza, Inc. will post 16.82 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. 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.