Soltis Investment Advisors LLC Acquires Shares of 561 Domino’s Pizza, Inc. (NYSE:DPZ)

Soltis Investment Advisors LLC bought a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 561 shares of the restaurant operator’s stock, valued at approximately $241,000.

A number of other hedge funds have also modified their holdings of DPZ. True Wealth Design LLC boosted its position in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Domino’s Pizza in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in Domino’s Pizza by 162.5% in 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its position in shares of Domino’s Pizza by 46.6% in 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. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DPZ shares. Robert W. Baird reduced their price objective 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. BTIG Research reduced their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Benchmark reissued a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Morgan Stanley reduced their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Buying and Selling

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza 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 completion of the sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction 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 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. 0.76% of the stock is owned by insiders.

Domino’s Pizza Trading Up 1.6 %

Domino’s Pizza stock opened at $464.89 on Friday. The firm has a market capitalization of $16.05 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.48 and a beta of 0.88. The stock’s fifty day simple moving average is $439.42 and its 200-day simple moving average is $451.33. Domino’s Pizza, Inc. has a twelve month low of $393.00 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results 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 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%. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.18 EPS. Sell-side analysts predict that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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

Domino’s Pizza Company 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.