Alpha Cubed Investments LLC lowered its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,052 shares of the restaurant operator’s stock after selling 43 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Domino’s Pizza were worth $389,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp bought a new position in Domino’s Pizza in the fourth quarter valued at about $33,000. Chevy Chase Trust Holdings Inc. acquired a new position in Domino’s Pizza during the 4th quarter valued at about $46,000. Parallel Advisors LLC lifted its position in Domino’s Pizza by 49.5% during the 1st quarter. Parallel Advisors LLC now owns 148 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 49 shares during the period. Allred Capital Management LLC boosted its stake in shares of Domino’s Pizza by 26.6% in the 1st quarter. Allred Capital Management LLC now owns 157 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 33 shares during the last quarter. Finally, Atticus Wealth Management LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $64,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.
DPZ has been the topic of a number of recent research reports. Wolfe Research began coverage on shares of Domino’s Pizza in a research note on Friday, April 17th. They issued an “outperform” rating and a $415.00 price objective on the stock. Longbow Research lifted their price objective on Domino’s Pizza from $430.00 to $441.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. OTR Global upgraded Domino’s Pizza to a “positive” rating in a report on Monday, July 6th. Credit Suisse Group raised their target price on Domino’s Pizza from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, BTIG Research boosted their target price on Domino’s Pizza from $405.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $391.41.
In other news, EVP John Kevin Vasconi sold 4,675 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $370.60, for a total value of $1,732,555.00. Following the completion of the transaction, the executive vice president now owns 8,489 shares in the company, valued at approximately $3,146,023.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Russell J. Weiner sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $385.00, for a total value of $1,925,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 9,732 shares of company stock worth $3,680,070. 1.74% of the stock is currently owned by insiders.
Shares of Domino’s Pizza stock opened at $401.38 on Tuesday. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.37. The stock’s 50-day moving average is $379.42 and its 200-day moving average is $339.06. Domino’s Pizza, Inc. has a one year low of $220.90 and a one year high of $417.15.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, April 23rd. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.75. Domino’s Pizza had a negative return on equity of 13.60% and a net margin of 11.75%. The business had revenue of $873.10 million for the quarter, compared to analyst estimates of $869.66 million. During the same quarter last year, the firm earned $2.20 EPS. Domino’s Pizza’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect that Domino’s Pizza, Inc. will post 11.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.78%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 32.60%.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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