Cynosure Group LLC Buys 172 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Cynosure Group LLC grew its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 23.0% in the third quarter, HoldingsChannel.com reports. The fund owned 920 shares of the restaurant operator’s stock after acquiring an additional 172 shares during the period. Cynosure Group LLC’s holdings in Domino’s Pizza were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DPZ. FMR LLC raised its holdings in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares during the period. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after acquiring an additional 23,681 shares in the last quarter. Marshfield Associates raised its position in shares of Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock worth $368,392,000 after purchasing an additional 2,271 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Domino’s Pizza by 4.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after purchasing an additional 18,030 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $472.48 on Thursday. Domino’s Pizza, Inc. has a fifty-two week low of $383.05 and a fifty-two week high of $542.75. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.52 and a beta of 0.86. The stock has a fifty day moving average price of $429.41 and a 200-day moving average price of $454.42.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $4.18 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts predict that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.28%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the 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 $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Balson sold 6,970 shares of the business’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 sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DPZ. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their price target on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. Barclays reduced their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a report on Friday, October 11th. Finally, Morgan Stanley lowered their price target 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 assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $495.76.

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.