Benjamin Edwards Inc. acquired a new stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,684 shares of the restaurant operator's stock, valued at approximately $1,154,000.
Several other large investors also recently modified their holdings of DPZ. Cetera Investment Advisers grew its stake in Domino's Pizza by 422.7% during the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator's stock valued at $3,836,000 after purchasing an additional 6,244 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Domino's Pizza during the 1st quarter valued at approximately $581,000. Park Avenue Securities LLC grew its position in shares of Domino's Pizza by 33.7% during the second quarter. Park Avenue Securities LLC now owns 1,102 shares of the restaurant operator's stock worth $569,000 after buying an additional 278 shares in the last quarter. CWM LLC increased its stake in shares of Domino's Pizza by 47.6% in the second quarter. CWM LLC now owns 1,758 shares of the restaurant operator's stock worth $907,000 after buying an additional 567 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Domino's Pizza in the second quarter valued at $266,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm's stock in a transaction that occurred 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. This trade represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
Shares of NYSE:DPZ opened at $459.88 on Friday. The company has a 50 day moving average of $436.83 and a 200-day moving average of $452.69. The firm has a market cap of $15.88 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.49 and a beta of 0.88. Domino's Pizza, Inc. has a twelve month low of $392.52 and a twelve month high of $542.75.
Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.18 earnings per share. Equities research analysts forecast that Domino's Pizza, Inc. will post 16.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.31%. Domino's Pizza's dividend payout ratio (DPR) is presently 37.10%.
DPZ has been the subject of several research analyst reports. Bank of America dropped their target price on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. cut 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. Morgan Stanley reduced their target price on Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Benchmark reiterated a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a report on Friday, October 11th. Finally, Stephens reduced their price objective on Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $495.76.
Read Our Latest Stock Report on DPZ
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.
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