Domino’s Pizza Inc $DPZ Stock Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. decreased its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,312 shares of the restaurant operator’s stock after selling 2,743 shares during the period. Domino’s Pizza comprises about 1.8% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 25th biggest position. Baskin Financial Services Inc. owned 0.23% of Domino’s Pizza worth $22,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza during the 1st quarter worth $895,251,000. BlackRock Inc. bought a new position in Domino’s Pizza in the second quarter valued at $715,704,000. Van ECK Associates Corp raised its position in Domino’s Pizza by 937,192.2% during the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after purchasing an additional 477,968 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Finally, London Co. of Virginia bought a new stake in Domino’s Pizza during the first quarter worth about $129,253,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ traded down $4.56 during trading hours on Monday, reaching $304.08. The company’s stock had a trading volume of 362,794 shares, compared to its average volume of 915,629. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.43 and a beta of 0.94. The firm has a 50-day simple moving average of $320.69 and a 200-day simple moving average of $326.42. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the company earned $4.08 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post 19.04 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 Wednesday, December 30th. Investors of record on Tuesday, December 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 43.86%.

Insiders Place Their Bets

In related news, EVP Kelly Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of research reports. Morgan Stanley cut their price objective on Domino’s Pizza from $357.00 to $345.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. BTIG Research restated a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research report on Wednesday, October 14th. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research note on Wednesday, August 26th. Finally, Loop Capital reiterated a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.87.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.