Fisher Asset Management LLC Buys 2,486 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Fisher Asset Management LLC boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,958 shares of the restaurant operator’s stock after purchasing an additional 2,486 shares during the period. Fisher Asset Management LLC’s holdings in Domino’s Pizza were worth $29,662,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DPZ. Signaturefd LLC increased its holdings in shares of Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares in the last quarter. Summit Trail Advisors LLC raised its position in Domino’s Pizza by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 27 shares during the last quarter. Portside Wealth Group LLC raised its position in Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Domino’s Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 29 shares in the last quarter. Finally, Capital Insight Partners LLC grew its holdings in shares of Domino’s Pizza by 2.6% during the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock worth $622,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred 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 $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction 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 sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Up 0.8 %

NYSE DPZ opened at $472.86 on Wednesday. Domino’s Pizza, Inc. has a 52 week low of $370.17 and a 52 week high of $542.75. The business has a 50 day moving average price of $428.20 and a 200-day moving average price of $454.75. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results 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 net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $4.18 EPS. Domino’s Pizza’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.28%. Domino’s Pizza’s payout ratio is 37.10%.

Analysts Set New Price Targets

DPZ has been the topic of several recent research reports. Benchmark reiterated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Wells Fargo & Company reduced their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. BTIG Research decreased their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Royal Bank of Canada decreased their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. One investment 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 company’s stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price 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.