Oddo BHF Asset Management Sas Purchases New Shares in Domino’s Pizza, Inc. (NYSE:DPZ)

Oddo BHF Asset Management Sas acquired a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,834 shares of the restaurant operator’s stock, valued at approximately $1,649,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings 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 buying an additional 39 shares in the last quarter. True Wealth Design LLC grew its position in Domino’s Pizza by 2,033.3% in the third 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 during the last quarter. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza during the third quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza in the third quarter worth about $43,000. Finally, Crewe Advisors LLC boosted its stake in shares of Domino’s Pizza by 46.6% in the 2nd 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.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Bank of America cut their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Royal Bank of Canada reduced their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Evercore ISI dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Domino’s Pizza Price Performance

DPZ stock opened at $453.22 on Friday. The company’s 50-day moving average is $439.97 and its 200-day moving average is $450.99. The stock has a market capitalization of $15.65 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. 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) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $4.18 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Domino’s Pizza 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.