Raub Brock Capital Management LP Raises Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Raub Brock Capital Management LP boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,043 shares of the restaurant operator’s stock after acquiring an additional 283 shares during the quarter. Domino’s Pizza comprises about 2.9% of Raub Brock Capital Management LP’s holdings, making the stock its 22nd largest holding. Raub Brock Capital Management LP owned approximately 0.09% of Domino’s Pizza worth $14,213,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Domino’s Pizza by 162.5% during the second 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 last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $30,000. Crewe Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $36,000. Versant Capital Management Inc lifted its holdings in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza during the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.1 %

Shares of DPZ opened at $428.85 on Friday. Domino’s Pizza, Inc. has a 1-year low of $332.13 and a 1-year high of $542.75. The stock has a market capitalization of $14.96 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.23 and a beta of 0.86. The business’s 50-day moving average price is $421.23 and its 200 day moving average price is $467.34.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $4.18 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating and issued a $475.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. Robert W. Baird cut their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Barclays decreased 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 research report on Friday, October 11th. Loop Capital reaffirmed a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a report on Friday, September 20th. Finally, Benchmark reissued a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $489.55.

Insider Activity

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

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.