Nisa Investment Advisors LLC Sells 4,257 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Nisa Investment Advisors LLC trimmed its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 85.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 732 shares of the restaurant operator’s stock after selling 4,257 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Domino’s Pizza were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $30,000. Blue Trust Inc. raised its position 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 during the period. Crewe Advisors LLC bought a new stake in Domino’s Pizza in the first quarter worth about $36,000. Versant Capital Management Inc boosted its position in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the third quarter valued at approximately $43,000. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

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 in the company, valued at approximately $6,591,075.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPZ. BMO Capital Markets decreased their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Oppenheimer reissued an “outperform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. Morgan Stanley reduced 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. Piper Sandler decreased 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 report on Monday, October 7th. Finally, Robert W. Baird dropped their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $428.00 on Wednesday. Domino’s Pizza, Inc. has a 1-year low of $361.82 and a 1-year high of $542.75. The business has a fifty day moving average price of $418.26 and a 200-day moving average price of $461.21. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.30 and a beta of 0.86.

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. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $4.18 earnings per share. The company’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 16.81 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 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.