Trade Report: Today, First Trust Advisors LP Cuts Stake in Domino’s Pizza Inc. (DPZ)

Today, First Trust Advisors LP Cuts Stake in Domino’s Pizza Inc. (DPZ)

First Trust Advisors LP cut its position in Domino’s Pizza Inc. (NYSE:DPZ) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,525 shares of the company’s stock after selling 77,513 shares during the period. First Trust Advisors LP owned approximately 0.26% of Domino’s Pizza worth $19,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. World Asset Management Inc increased its position in Domino’s Pizza by 1.0% in the second quarter. World Asset Management Inc now owns 2,473 shares of the company’s stock worth $325,000 after buying an additional 24 shares during the last quarter. Profund Advisors LLC increased its position in Domino’s Pizza by 0.5% in the second quarter. Profund Advisors LLC now owns 6,008 shares of the company’s stock worth $789,000 after buying an additional 27 shares during the last quarter. Creative Planning increased its position in Domino’s Pizza by 2.7% in the third quarter. Creative Planning now owns 1,420 shares of the company’s stock worth $216,000 after buying an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Domino’s Pizza by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,658 shares of the company’s stock worth $1,137,000 after buying an additional 62 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Domino’s Pizza by 1.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,200 shares of the company’s stock worth $1,093,000 after buying an additional 100 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Domino’s Pizza Inc. (NYSE:DPZ) opened at 172.26 on Friday. Domino’s Pizza Inc. has a 52-week low of $101.01 and a 52-week high of $172.62. The company has a market capitalization of $8.28 billion, a P/E ratio of 42.83 and a beta of 0.62. The firm has a 50-day moving average of $162.78 and a 200 day moving average of $144.57.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 18th. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. Domino’s Pizza had a net margin of 8.55% and a negative return on equity of 11.03%. The company earned $566.70 million during the quarter, compared to analysts’ expectations of $339.32 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. Domino’s Pizza’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza Inc. will post $4.25 earnings per share for the current fiscal year.

A number of brokerages have weighed in on DPZ. Maxim Group raised their target price on shares of Domino’s Pizza from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Wednesday, October 19th. Jefferies Group reaffirmed a “neutral” rating and set a $150.00 target price (up previously from $135.00) on shares of Domino’s Pizza in a research note on Wednesday, October 19th. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. BTIG Research set a $195.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Wednesday, October 19th. Finally, Nomura reaffirmed a “neutral” rating and set a $148.00 target price (up previously from $145.00) on shares of Domino’s Pizza in a research note on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $152.58.

In other Domino’s Pizza news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $164.88, for a total value of $3,297,600.00. Following the completion of the transaction, the insider now owns 42,080 shares of the company’s stock, valued at $6,938,150.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Vernon O. Hamilton sold 4,000 shares of the firm’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $165.28, for a total transaction of $661,120.00. The disclosure for this sale can be found here. Corporate insiders own 5.03% of the company’s stock.

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